Eisler’s Deal to Buy Macro Hedge Fund Glen Point Falls Apart
- Eisler Capital was expected to buy Glen Point in March
- Glen Point founder Neil Phillips may still join Eisler Capital
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Eisler Capital’s deal to buy Neil Phillips’s hedge fund Glen Point Capital has fallen apart.
The two firms have decided not to go ahead in part because of a disagreement on the level of risk Glen Point’s fund could take, according to people with knowledge of the matter, who asked not to be identified because the details are private. Phillips may still join Eisler as a portfolio manager, one of the people said.