Launches & Closures

Ex-Elliott pro's Elustria hedge fund to liquidate

by

Energy strategy had posted negative performance since starting in June 2011.

   
  Elustria co-founder Andrew Waranch
(Photo: LinkedIn)
Elustria Capital Partners, the energy hedge fund co-founded by former Elliott Associates trader Andrew Waranch and ex-Kottke Associates portfolio manager Eric Kimmel, told investors Tuesday it would shut a little more than two years after its start, according to a letter obtained by Absolute Return.

The founders wrote that it was with "deep regret" that they decided to close the doors. "Over the past two years, the power space has faced numerous challenges ranging from EPA regulatory stops and starts, to banks reducing their risk and/or exiting trading altogether due to