New York-based hedge fund Weiss Multi-Strategy Advisers LLC, founded in 1978, is winding down operations after 46 years.
Weiss Multi-Strategy Advisers LLC, a New York-based hedge fund founded in 1978, is winding down its operations after 46 years. Founder George Weiss wrote to clients, stating he had "carefully considered various factors and circumstances" before making the decision. The firm managed $3.1bn as of mid-2023, and reported a 6% gain in 2023, following a 0.6% loss in 2022. The average multi-strategy, multi-manager fund saw an 8% increase last year.
March 03, 2024
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