Add William von Mueffling’s Cantillon capital to the list of larger hedge funds (like Pequot and Raptor) that’s shutting down. Instead of running his two hedge funds which have a combined $3.5 billion in assets, he’ll focus on a long only strategy.
The firm plans to return money to clients of its $2.7 billion Cantillon World fund and $800 million Cantillon European fund by the end of September, said the people, who asked not to be identified because the information is private. Rupert Tyer, a spokesman for New York-based Cantillon, declined to comment.
The firm is offering clients the option of moving into its long-only strategies, which buy securities on the expectation they will rise in value. Von Mueffling, 41, a former Lazard LLC portfolio manager who started Cantillon in 2003, oversees more than $1 billion in long-only assets, said the people.ot and Raptor) that’s shutting down.
Cantillon Said to Close Hedge Funds in Strategy Shift – Bloomberg
Tags: Cantillon Capital, closing the doors, Fees, Hedge funds
