Vicis Capital reports YTD losses of 12%, Suspends Redemptions

September 25th, 2009
| More
Volatility-arbitrage focused hedge fund manager Vicis Capital has restricted investors from withdrawing almost $550 million after the fund has reportedly fallen 12% year to date. According to Bloomberg, investors had already withdrawn $2.7 billion from the Vicis Capital Fund since October. Highlighting the poor performance of volatility funds year to date, overall funds following the strategy were up only 0.83% through August, compared to a 14% return by the overall hedge funds industry.

As a solution, Vicis Capital plans to separate hard to sell assets from more liquid assets. This would allow the fund to pursue and profit from longer-term investments. If investors approve this measure, Vicis Capital has signaled it will resume client redemptions.
See Source
For Detailed Investor Profiles on these Investors, click below:
Vicis Capital*
Related People: John Succo; Shad Stastney; Sky Lucas
Related Entities: Vicis Capital Fund; Vicis Gamma Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

More Recent Headlines

Absolute Return Partners announces Energy and Carbon Focused NEAS Power Fund

HP's Executive Comp Is Troubling in a Year of Worker Pay Cuts

Hedge Funds and the adoption of Cloud Computing Systems

Tyrus Capital Announces Official Launch Date

Arcadia Capital sides with Steel Partners in Proxy Battle against Adaptec

Brevan Howard, Carlson Capital and Eton Park add to Investment Teams

Microsoft's Distasteful Plans to Save Us from the Housing Crisis

HIM Capital launches financial focused HIM Income Fund

Nexar Capital Group launched by Societe Generale Veterans

Top US Hedge Funds’ Equity Assets Jump