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 editor@evestment.com

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QFS Asset Shutting Down

Jan 14, 2014
Jing Chen

Hedge fund firm QFS Asset Management is shutting down after more than 26 years in business.

Reuters reported that Connecticut-based QFS Asset will return nearly $1 billion to investors by the end of January, blaming difficult market conditions for the closure.

QFS is among a slew of hedge fund firms, including Seth Klarman's Baupost Group and Daniel Loeb's Third Point, that are giving money back to investors to keep its assets at a manageable level.

QFS managed $3.6 billion in assets at its peak, prior to the 2008 financial crisis.

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