The Evendus Capital is shutting down its hedge fund business and the enduge Hollands leading the vertical are exiting the firm. Evandus Capital said, its plans in Structured Credit, Private Equity and Long-only public markets will maintain investors’ interest, but its hedge funds have not seen much inclination.
The statement said, keeping in mind the better interests of our investors, we have taken steps to re -organize our offer in the field of asset management, cautiously strategically reviews and the emerging dimension of the market. We have decided to shut down the hedge fund business and focus our attention on the expansion of the above strategy under the Evendus Asset Management.
The statement said that the Endew Holland, who is leading the hedge fund business, is exiting the firm. Avandus Capital has two funds under the hedge fund business – Avandus Absolute Return and Avandus Angens Return. Holland can exit the company by the end of February.