Current news for this fund:
Sailfish Capital Partners - Multi-Strat Fixed Income, ...(?)
Count of distinct funds: 1
While details are still sketchy, it appears certain that Sailfish did shut down as of today (via New York Times). We're unclear on how many funds there were (we know of at least one "Multi-Strat Fixed Income fund").
At peak, mid-last year, Sailfish managed almost $2B of funds. From a FINAlternatives article dating Jan. 18 comes a bit more background:
It would appear appropriate then to say that Sailfish imploded through market inaction (lack of liquidity when redemptions came on).
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.