Industry News

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

News Archive

Read More Industry News >

Julian Robertson-Funded Hedge Fund to Shut Down

Nov 05, 2013
Jing Chen

The hedge fund firm seeded by billionaire investor Julian Robertson is closing its doors following several years of losses prompted by short bets against stocks.

CNBC reported that the flagship fund at Axial Capital Management, which managed approximately $1.8 billion at its peak in 2010, lost 15.4% this year through September and declined 10.2% in 2012. While it gained 0.3% in 2011, the fund saw double-digit declines in both 2010 and 2009.

The exact timing of the liquidation is unclear.

Founded in 2002 by former Bear Stearns investment bankers Marc Andersen and Eliav Assouline with $50 million in capital, Axial is among a slew of hedge funds seeded by Robertson’s Tiger Management in exchange for a percentage of their investor fee revenue.




Read More Industry News >

Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More