Hedge Funds

San Francisco Capital Management shuts down

by

Tom Wyman has closed down his San Francisco Capital Management after it failed to attract a critical mass of assets.

Wyman, a former co-portfolio manager at Husic Capital, began trading his own small-cap long/short equity fund last summer. That fund, which was intended to have a long bias and invest in high-growth U.S. equities and ADRs, had $10 million when it liquidated in August. The fund was up roughly 6% during its first year, lagging the Russell 2000 index by some 7 percentage points.

San Francisco Capital struggled as the market entered choppy waters and small caps fell out of