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Credit shop WestSpring Advisors to shut down

November 01, 2011   Lawrence Delevingne

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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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Data

April 2013 Global indices

Composite
Index Composite
GlobalApr 13YTD%
Composite0.74%3.96%88%
Emerging Market Debt1.05%1.81%93%
Emerging Market Equity0.60%4.50%95%
Equity0.50%5.65%85%
Event Driven0.80%4.35%80%
Macro0.67%2.62%78%
Managed Futures1.50%2.99%93%
Single Manager African0.67%4.49%100%

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