Quantitative hedge fund AlphaQuest is shutting its doors after suffering three consecutive years of losses, marking the end of a roughly 25-year run for the $2bn firm led by founder Nigol Koulajian, according to a report by Bloomberg.
AlphaQuest is winding down operations and returning capital to investors following what sources describe as its worst-ever losing streak. The fund fell 15.2 per cent last year and is down around 30 per cent since losses began to mount in October 2022. Performance h...
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