Severn River Capital to Wind Down Amid Challenges
This article is for subscribers only.
Severn River Capital Management LLC, the Greenwich, Connecticut-based hedge fund founded by Scott Roth, is winding down after a “challenging” investing environment, according to a statement.
“Fundamental equity, market-neutral long/short investing has been challenging over the past few years and we have decided to wind down our operations,” Roth said yesterday in an e-mailed statement. “I would like to thank my present and past employees and investors for their faith in me and my team over the past seven years.”