Investing
Ercil to Shut $3 Billion Hedge Fund in Family Office Pivot
- Hong Kong-based firm has only had one small loss in 14 years
- Ercil plans to convert ARCM to family office, keep some staff
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Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.
Ercil is winding up Asia Research & Capital Management Ltd.’s distressed asset fund for personal reasons, and has been notifying investors and employees in recent days, said the person, who asked not to be identified discussing private information. Yusuf Haque, ARCM’s chief operating officer, declined to comment.