Dwight Sipprelle changes his mind about credit, shuts Arx

Wed Apr 30, 2008



Dwight Sipprelle sure knows how to cut his losses - and to change his mind. In an April 17 letter, Sipprelle informed investors in Arx Investment Management, his six-year-old, high-yield-focused credit firm, that he would be retiring from managing money, except for friends and family. Effective June 30, all investors will be required to withdraw from Arx's funds. The firm managed $1.26 billion on January 1, 2008.

The Arx Global High Yield Securities Overseas fund had slipped...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now