Launches & Closures Hedge Funds

360 Global liquidates


Beat up by the August markets, Rick Abeyta closes shop.

   Rick Abeyta
Rick Abeyta’s 360 Global Capital is shutting down. The long/short equity firm decided to liquidate following the “historic market volatility” of August and a full redemption by its largest investor, according to an email the New York firm sent to clients Tuesday evening.

The flagship 360 Global Capital onshore fund produced a net annualized return of 6.18% since its inception in August 2008 through July of 2011 (full data here). The fund lost 2.57% in its first partial year, gained 18.68% in 2009 and 7.93% in 2010. It