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NY Hedge Fund Liquidates Main Fund

Aug 01, 2013
Jing Chen

New York-based Roc Capital Management is closing its main hedge fund following disappointing performance.

Bloomberg reported that Roc Capital, which was considered one of the largest start-ups in 2009, has started selling its holdings and is expected to return money back to investors in the next several weeks.

Founded by Arvind Raghunathan, the former head of Deutsche Bank AG’s global arbitrage unit, Roc Capital is the latest hedge fund founded by a former ex-proprietary trader that has struggled to keep open due to losses.

Roc Capital managed approximately $642 million as of March 1. 

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