Fund launches & closures

Tarchon closes FoHF doors, returns to global macro roots

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Tarchon Capital Management has decided to return capital to its funds of funds investors. The once $3 billion funds of funds business is not shutting up shop altogether, but is returning to its roots by building a macro business – as the firm did when it launched approximately 13 years ago.

Alberto Marolda, chief executive officer said: “After discussions with my colleagues and our clients, we concluded that our core business of low volatility, multi-strategy fund of hedge funds was no longer able to produce acceptable returns, given the high fee structures prevalent in the hedge fund industry, and