Spinnerhawk Capital Management, a Dallas hedge fund firm focused on natural resources, is returning outside investor capital following poor performance and the recent departure of co-portfolio manager Jim Wicklund.
Spinnerhawk was founded in July 2005 by Garrett Smith, an alumnus of BP Capital Management, to run a long/short equity and commodities strategy focused on natural resources. Wicklund, Spinnerhawks chief investment officer, joined the firm in this years first quarter. Wicklund had been a senior research analyst covering oil services and equipment for Banc of America Securities.
Aside from the funds first six months, when it gained 26%, performance has