Ex-Paulson Partner Shuts Hedge Fund Berry Street on Rising Rates
- Orkun Kilic also cites challenging regulatory environment
- Fund opened in 2019 backed by Schonfeld and Partners Capital
This article is for subscribers only.
Orkun Kilic is closing his hedge fund Berry Street Capital Management four years after its inception, citing high interest rates and a challenging regulatory environment.
The London-based fund, which pursued an event-driven strategy and oversaw over $900 million at its peak, has struggled in 2023, seeing losses of 4.2% in the nine months through September. Assets under management at the time of its decision to shutter were $575 million.