Hedge Fund Sloane Robinson to Shut After More Than 25 Years
- International stock firm couldn’t acquire ‘required assets’
- Industry liquidations are up in a tough fundraising climate
Hedge Fund Sloane Robinson to Shut
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Sloane Robinson is closing as it struggles to raise enough capital, joining a string of high-profile hedge funds to shutter in recent years.
The firm, which began investing in 1994, will shut at the end of 2020 and wind down its Global Opportunities and Global Compounder portfolios, according to a letter to investors seen by Bloomberg. David Gale, chief executive officer of the London-based investment firm, declined to comment beyond the letter.