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Pine River Loses $2 Billion in 12 Months to July

(Reuters) Hedge fund firm Pine River Capital Management’s flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data compiled by HSBC. Assets in the multi-strategy fund dropped from $2.99 billion in July 2016 to $960 million in July 2017, the data showed.

Minnetonka, Minnesota-headquartered Pine River, which also has offices in New York, London, Hong Kong and Luxembourg, has hit hard times in recent years, shedding partners, assets and funds.

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