Credit shop WestSpring Advisors to shut down
By Lawrence Delevingne
Tue Nov 1, 2011
A large redemption from seed investor FRM preceded the decision.
WestSpring Advisors, the New York credit hedge fund firm founded in May 2009 by Ralph Nacey and Eric Phillipps, is shutting down.
WestSpring did not respond to requests for comment, but seeder FRM Capital Advisors (FCA), a division of $9 billion fund of funds group Financial Risk Management, confirmed the closure. FRM had seeded the fund with an initial investment of as much as $60 million from...
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