Hedge Fund News From HedgeCo.Net

Blackstone-backed Senrigan creates separate vehicle after losses

Reuters – Senrigan Capital, an Asia-focused hedge fund backed by Blackstone Group, has removed five investments from its portfolio and placed them into a separate vehicle after heavy losses this year, two sources familiar with the matter said.

Senrigan, headed by former Citadel trader Nick Taylor, has seen its $1 billion under management last year fall by half and its 2012 record is among the worst performing of the major regional hedge funds.

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