Launches & Closures Hedge Funds Performance

Viking Global to close to new investments


Allocating to short positions had become more difficult as the firm’s assets increased.

 Andreas Halvorsen (Photo: Matthew Staver/Bloomberg)
Andreas Halvorsen’s flagship long/short equity fund, Viking Global Equities, is closing to new investments because its ballooning size is impacting its traditional investment strategy, according to people close to the firm.

The fund managed $13.4 billion as of October 31, up 9.6% for the year. Part of that increase is due to performance gains: Viking Global Equities has produced a return of 6.6% for the year through November 4. The Greenwich, Conn. firm manages $14.3 billion overall, an increase in assets of 10.2% for the year. The overall assets include