Sculptor Hedge Fund Outflows Diminish While CLO Deals Weaken
- Master Fund saw $108.5 million in second quarter outflows
- CLO business hurt by impact of the coronavirus pandemic
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Sculptor Capital Management Inc. said quarterly outflows in its main hedge fund diminished while its collateralized loan obligation business weakened.
Clients pulled $108.5 million from the Sculptor Master Fund in the second quarter, according to a statement Thursday. The firm closed $409 million of CLO deals in the first half, versus $3 billion for all of last year.