Doors Close on New Money at Pine River

June 16, 2014 Marcus Black Hedge Fund News

Claiming the “changing environment” in the hedge fund investment world, Pine River Capital Management announced that the fund will no longer be accepting additional money into its existing fund.

According to a report published in the Financial Times, Pine River will add its name to the ever-growing list of hedge funds that are either circling the wagons and shutting out new funds, or returning money to investors as the funds close shop altogether.

Brian Taylor, founder of the Minnesota-based firm, explained to investors that the hedge fund industry is facing a challenging environment. He explained that the industry has only a few “outsized opportunities.” The fund returned profits of 10 percent in 2013, but has so far this year only managed to grow the fund by 1.4 percent.

Brian Taylor, Hedge Funds, Pine River Capital Management,

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