Hedge Fund Jabre Capital to Return Capital to Investors
By Sofia Horta e Costa
(Bloomberg) --Geneva-based hedge fund Jabre Capital Partners is raising cash and returning capital to investors after an “especially challenging” year, according to an investor letter obtained by Bloomberg News.
- “In previous periods, weakness created opportunities but as we survey the outlook for 2019, we are concerned that we don’t see those opportunities,” founder and CIO Philippe Jabre wrote in the letter dated Dec. 12
- Also blames “new technologies” and computerized models for making the market more difficult to anticipate
- Fund is selling positions in a “disciplined manner” and intends to return most of the proceeds by February
- Note: Jabre Capital was founded in 2007