Hedge Fund News From HedgeCo.Net


Quant Hedge Fund Archipel Shuts After Biggest Investor Pulls Out

Bloomberg – Archipel Asset Management AB, a Swedish hedge-fund firm that makes trades based on computer algorithms, is closing after its biggest investor pulled out.

The stock-trading hedge fund founded in 2007 is returning cash to investors following the decision of Brummer & Partners, a Stockholm-based investor in hedge funds, to redeem its investment, said Stefan Nydahl, Archipel’s partner and chief investment officer.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply