Penso shuts macro funds

Tue Jan 26, 2010

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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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