(Reuters) Hedge fund Pine River Capital Management will close its Pine River Fixed Income fund and return $1.6 billion to investors, to streamline its offering of funds, according to a letter to clients seen by Reuters.
Brian Taylor, Pine River’s founder and co-chief investment officer, told clients on Monday that the eight-year-old fund, which posted some of the hedge fund industry’s most eye-popping returns before losing money in 2015 and early 2016, will be closed.
