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 advisory business.
The fund will be liquidated on Jan. 31, and the firm...
ISSN: 2151-1845 / CDC10004H
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