Oct
06

Bain to Liquidate Absolute Return Hedge Fund After Losses

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  • Firm cites “challenging” environment for macro trading
  • Hedge fund had $2.2 billion under management as of Aug. 1

Bain Capital is liquidating its Absolute Return Capital hedge fund after more than three years of losses, citing a “challenging” environment for macro trading.

The fund, run by Jonathan Goodman and Jeff Woolbert, had about $2.2 billion in assets as of Aug. 1, including $552 million of internal money, according to an investor presentation dated August 2015. The fund was down 13 percent this year through July, which would be its worst year since inception in 2004…

Bain to Liquidate Absolute Return Hedge Fund After Losses

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