Nevsky's Taylor Blames Algos in Closing $1.5 Billion Hedge FundBy
Fund's 18.4% annual gain since 2000 more than 10 times peers
Fund expects to liquidate portfolio by the end of January
Nevsky Capital’s $1.5 billion hedge fund is shutting down, part of a growing trend among money managers following weak returns in 2015. What’s unusual is the reason the managers gave for folding: navigating markets driven by computers and index funds.
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