Penso shuts macro funds
Tue Jan 26, 2010
Bergmann will continue to run Penso's risk advisory business for hedge funds and institutional investors.
Ari Bergmann's Penso Capital Markets profited during the
economic crisis, but failed to reach sufficient mass to keep
going. The Cedarhurst, Long Island-based firm will shutter its
two macro hedge funds, Penso Global Macro Opportunities
Strategy and Alpha Risk Overlay Strategy, to focus on its risk
The fund will be liquidated on Jan. 31, and the firm...
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