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Quant Hedge Fund Archipel Shuts After Biggest Investor Pulls Out

2014-10-29 14:59:40| Appliances - Topix.net

Archipel Asset Management AB, a Swedish hedge-fund firm that makes trades based on computer algorithms, is closing after its biggest investor pulled out. The stock-trading hedge fund founded in 2007 is returning cash to investors following the decision of Brummer & Partners, a Stockholm-based investor in hedge funds, to redeem its investment, said Stefan Nydahl, Archipel's partner and chief investment officer.

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