NatalieLopez
3 Mar 24
Weiss Multi-Strategy Advisers, a veteran money management firm established in 1978, has announced its plans to cease operations, citing various factors and circumstances in a letter to clients and partners. The firm, which managed $3.1 billion as of last year, has seen a contrasting return of 6% in ...
Weiss Multi-Strategy Advisers, a veteran money management firm established in 1978, has announced its plans to cease operations, citing various factors and circumstances in a letter to clients and partners. The firm, which managed $3.1 billion as of last year, has seen a contrasting return of 6% in 2023 following a 0.6% loss in 2022, while the average multi-strategy, multi-manager fund saw an 8% increase in the same period, according to With Intelligence data reported by Bloomberg News. The decision reflects the evolving landscape of the investment industry and raises questions about the future of similar organizations in the face of changing market conditions. With an industry perspective and insightful commentary, this development sheds light on potential market catalysts and implications for the asset management sector.
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