Los Angeles-based Palmyra Capital Advisors, founded in 2002
with backing from Capital Z, has had a difficult run of
performance over the last three months and finished the month
of May with a loss of more than 8% in each of its funds. The
long/short, value-oriented shop quickly raised assets and
closed in short order after its debut in February 2002, and
posted good performance for its first two years - up 12.51% net
for 2002 and up 26.09% net...