TIG Advisors Closing 15-Year-Old Hedge Fund

March 20, 2012 James Heinsman Company Spotlight

Joining a growing list of hedge funds closing shop, TIG Advisors, LLC is shutting down its $210 million, 15-year-old emerging markets hedge fund.

In 2008 the long/short equities hedge fund was valued at about $1.5 billion, falling to $750 million just one year later, in April 2009.

Suffering its second annual loss within four years, TIG decided to close the fund. "Our Global Emerging Markets funds have been closed and are being liquidated," the New York-based hedge fund said.

Hedge Funds, TIG Advisors,

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