Oklahoma Police Pension & Retirement System, Oklahoma City, terminated hedge-fund-of-funds manager Attalus Capital, which ran $73 million, because of personnel changes, confirmed Steven Snyder, executive director and chief investment officer of the $1.8 billion retirement system.
Axonic Capital plans to add five more people to its staff in the next few months.
Sentat Asset Management of Stockholm is pulling the plug on a fund of funds that failed to meet capital-raising expectations.
Credit Suisse Group AG (CSGN), the second- largest Swiss bank, is creating an asset-management firm in Brazil as interest-rate declines create opportunities for hedge- fund managers.
Sparx Group Co. (8739), Asia’s second- largest hedge fund, widened its full-year loss as performance and asset management fees dropped amid market declines on global economic concerns.
Oaktree Capital Group LLC (OAK), the distressed-debt investor that went public last month, reported a first-quarter profit after a loss a year earlier as it realized more gains on investments.
After a lengthy struggle to build capital-raising momentum, Zoe Cruz is shuttering her hedge fund business.
Once an industry darling, Erez Kalir and Craig Perry’s macro firm abruptly shuts following losses and management issues.
Riley Paterson Investment Management Pte, which generated a 21 percent return in the global industry’s worst year, decided to shut its only hedge fund because assets are expected to decline to a 10th of its peak.