Eisler to Shut Hedge Fund Amid Talent War and Poor Returns

Edward Eisler is closing his eponymous investment firm after weak returns, shrinking assets and ballooning staffing costs hindered his efforts to push into the multistrategy hedge fund world.

Eisler Capital Multi Strategy Fund is winding down and returning capital to investors, the firm told clients on Monday in a letter seen by Bloomberg News. Clients are unable to withdraw their money while the firm liquidates its trades, with the aim of distributing the proceeds early next year.