It has been at least a week without news of a prominent hedge fund liquidating, so when moments ago Reuters reported that once prominent hedge fund Standard Pacific, which a decade ago managed over $5 billion, is the latest casualty of broken markets and has decided to shut down things once again reverted back to normal.
Exclusive: Standard Pacific Capital, the stock-focused hedge fund firm led by Doug Dillard and Raj Venkatesan, is shutting down
— Lawrence Delevingne (@ldelevingne) February 4, 2016
It was not immediately clear what the final AUM of the stock-focused hedge fund firm led by Doug Dillard and Raj Venkatesan, was but what we do know is the fund’s latest 13-F holdings listed 25 long equity names, amounting to a total of $100 million which will now be unwound.
We continue to expect many more marquee 2 and 20 collecting asset managers to call it a day in the coming weeks and months as nobody can even pretend this central bank dominated, HFT-rigged “market” makes any sense any more.
via Zero Hedge http://ift.tt/1SM4TZi Tyler Durden