Tyrian Investments is preparing to close their event-driven, long / short hedge fund, according to two sources close to the fund who spoke to ValueWalk on condition of anonymity. The fund was down in 2015 and off -15% in 2016 as of the third quarter, according to a source familiar with the fund.
Update: Thursday afternoon the fund confirmed they are shutting down and provided ValueWalk their letter to investors.
The fund was initially seeded by hedge fund luminary Julian Robertson, chairman of Tiger Management LLC, with nearly $1 billion in capital. The shuttering of Orlando Muyshondt's investment research driven firm comes as fellow "Tiger Cub" Glade Brook Capital Partners LLC also announced they were closing their original fund, according to Lawrence...
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