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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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New York Hedge Fund to Liquidate

Sep 19, 2013
Jing Chen

New York-based hedge fund firm Arbalet Capital is set to close within the next month or two due to heavy redemptions following sluggish returns.

Reuters reported that Arbalet currently manages just below $200 million, down from its peak of $700 million last year. The firm posted a loss of nearly 9% last year, and was down about 6% in the first half of 2013.

Some of the institutional investors who dropped Arbalet include Schroders New Finance Capital and Maryland’s state pension system.

Founded in April 2012 by 30-year-old Jennifer Fan, one of the youngest hedge fund managers, Arbalet was one of the biggest hedge fund launches last year.

 

 

 

 

 

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