Hedge Funds Performance

One East rebuilds

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The firm is attempting a comeback after its 2008 losses.

New York event-driven firm One East Capital Advisors is working to rebuild its assets, having returned to profitability last year, and as it approaches the payout of all redemption requests stemming from its troubles in 2008.

One East, which manages $300 million—substantially below its pre-crisis peak of $2.1 billion—has launched a new fundraising campaign and is said to have taken in several million dollars in new assets.

“Their rebound and their ability to return capital and perform through the re-liquidating of the markets has been better than average,” said one investor in the firm. “Their track record with regard