Hedge Fund Lost $6.5 Billion of Assets Since 2015
Hedge Fund Pine River Capital Management had lost about 68% of its assets in the last 12 months for its flagship fund, according to reports by Reuters (compiled by HSBC). The fund dropped from $2.99 billion in July 2016 to $960 billion in July 2017.
” AUM fell by $6.5 billion in 2017, from $15 billion in 2015 “
Since 2015, the firm’s AUM fell $15 billion in 2015 to $8.5 billion in July 2017, a total decline of $6.5 billion. Pine River Capital Management is a global alternative investment firm focused on relative value trading across a wide range of markets, regions and asset classes. It was founded in Pine River, Minnesota in 2002 by CEO and Co-CIO Brian Taylor.
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