Global equity hedge fund Skyline Capital to close

(Reuters) – Global equity hedge fund firm Skyline Capital said on Monday it is to shut after widespread weakness in emerging markets resulted in its funds posting double-digit falls in 2015.The closure follows that of peer Nevsky Capital in December and comes amid some weak industry performance, rising costs and increased pressure on fees that a Reuters poll suggests could see even more firms fold in the coming 12 months.

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