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Ratio AM To Close European HF

Ratio Asset Management is seeking to shut its European hedge fund and giving the capital back to clients.

Ratio Asset Management is seeking to shut its European hedge fund (HF) and giving the capital back to clients, FINalternatives reports. The fund manages most of Ratio’s assets, which fell to $180 million earlier this year from $600 million in 2007. It is being closed following redemption requests from two of its biggest long-standing investors.

London-based Ratio’s European opportunities fund, which was launched last year with long/short veteran Tom Tjia, will remain open. It currently oversees $19 million.

Click here for the story from FINalternatives.

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