(Pension & Investments) Deimos Asset Management, the multistrategy hedge fund that was previously housed within Guggenheim Partners, is closing its doors less than two years after its inception, citing a difficult fundraising environment.
“Despite our many successes — including minimal drawdowns and our profitability on a performance basis for the year — we have decided to cease the investment management side of the business,” Loren Katzovitz, managing partner at Deimos, said in a statement.
