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 firms 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