Ex-Guggenheim Hedge Fund Deimos Asset Management to Close
- Firm cites fundraising enviroment for hedge fund managers
- Sees ‘little visibility as to when conditions will improve’
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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.