(Bloomberg) Nevsky Capital’s $1.5 billion hedge fund is shutting down and returning money to investors as the emergence of computer-driven trading strategies and index funds diminish money-making opportunities.The London-based firm managed by Martin Taylor and Nick Barnes makes bets on rising and falling share prices in developed and emerging markets. The fund returned 18.1 percent in 2013 before losing 1.4 percent the following year. In the first 11 months of 2015, the fund was up 0.9 percent, according to data compiled by Bloomberg.
Nevsky to Shut Its $1.5 Billion Hedge Fund After 15 Years
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