Launches & Closures

US-based manager liquidates UCITS fund

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A UCITS fund launched earlier this year has been liquidated after a New York-based hedge fund manager announced it is closing down.

360 Global Capital launched its Irish-domiciled UCITS fund in April 2011. It was seeded with $32 million and had $40 million assets under management in June 2011.  The strategy used was similar to the long/short equity strategy used for the firm’s offshore fund which had $242 million assets at the end of June (see earlier story).

Enrique Abeyta from 360

Enrique Abeyta, managing partner of New York-based 360 Global Capital, states in an email: “Due