Looking back on Passport's pulsating energy fund


Absolute Return also revisits Arcadia's search for a new partner.

One year ago
>> Multistrategy fund Arcadia Capital Advisors began liquidating its positions and searching for new capital after the end of its capital contract with MD Sass-Macquarie Financial Strategies. "I'm talking to other players that might come and join us, so we might continue," founder Richard Rofe said at the time, giving a deadline of April 1, 2012, to secure new capital or shut down.

Rofe departed in March, according to his LinkedIn profile, and said in a telephone conversation this week that the firm is now being run