Hedge Fund Pinyon Asset Management to Return All Client Money

December 14th, 20177:31 am @

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(Bloomberg) Patrick Burke’s hedge fund Pinyon Asset Management, which was backed by Grosvenor Capital Management, is returning all capital to investors.“The vast majority of periods over the last two decades have been particularly favorable to our investment approach,” the event-driven equity firm wrote in a Dec. 12 letter to investors that was seen by Bloomberg News. “The three years since we launched Pinyon has not been one of those periods.”

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Article source: http://www.hedgeco.net/news/12/2017/hedge-fund-pinyon-asset-management-to-return-all-client-money.html