Hedge Fund News From HedgeCo.Net


Brencourt Advisors to Return Capital to Outside Investors

Bloomberg – Brencourt Advisors LLC, a New York- based multistrategy hedge fund, plans to wind down its funds by year-end, return money to outside clients and become a family office, the firm said in a letter to investors.

The $300 million firm decided to liquidate its funds after struggling to raise capital, according to a person familiar with the matter, who asked not to be identified because the information isn’t public.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>