Hedge Funds: London-Based Hedge Fund to Retreat Following Losses


Sloane Robinson, a London-based Hedge Fund co-founded by George Robinson, is set to close by the end of this year.  This decision was based primarily on a decline in the firm’s assets under management.  The firm was also lacking in performance which was mainly due to volatile markets resulting from Covid-19.  Sloane Robinson’s Global Frontier fund dropped by more than 12 percent since only January of this year.  During this period, the firm’s Global International fund was down 7.8 percent.  Sloane Robinson’s assets under management have dropped significantly in the past decade and remain at just over $1 billion today.  According to Bloomberg, “Despite strong investment performance amidst difficult market conditions, we have not succeeded in acquiring the required assets to support this franchise and the partnership remains dependent on revenue from the legacy funds of the founding partners.”  Evidently, the firm is no longer able to sustain itself.

About the Firm

Sloane Robinson was founded in 1993 by George Robinson and Hugh Sloane.  The firm focused on international short equity stocks on Asian markets.  In its prime, Sloane Robinson was among London’s top ten hedge funds in assets under management.  The fund’s 14 partners aggregated £340.7m in profits in 2008.  Today, that number is only £4.4m.  Since the firm’s success depends heavily on emerging markets, it is too difficult to recover.  The Covid-19 pandemic has had a strong impact on emerging markets — which is likely due to a freeze in the global economy.  As economies around the world shut down, countries are more likely to invest domestically until the effects of the pandemic wane. 

The Future of Sloane Robinson

Although the Global Opportunities and Global Compounder portfolios will shut down, other investment managers with the firm are still in flux.  Portfolio managers Ed Butchart and CJ Morrell are looking for investment management opportunities. 

The Frontier and Emerging Market funds’ current investors are expected to join new investors.  Despite an uncertain future, staff at Sloane Robinson and CEO David Gale are expected to stay until the end of the year. 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News

Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
May 20, 2022     Digital Assets, News

Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently…

Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
May 20, 2022     Digital Assets, News

The crypto world was dealt a body blow by the collapse of the TerraUSD (UST) stablecoin earlier this month. The Terra meltdown is now being referred as crypto’s “Lehman moment.”…

Venture Capital: Big-Ticket Funding Rounds In Fintechs
May 20, 2022     FinTech, News, Venture Capital

Fast-growing, Southeast Asia-focused payments infrastructure platform Xendit closed on a US$300 million Series D funding co-led by Coatue and Insight Partners with additional investment from Accel, Tiger Global, Kleiner Perkins,…

FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
May 20, 2022     Digital Assets, FinTech, Latest News, News

FTX Stocks is an equity trading platform offered through the FTX US trading application. FTX US announced Thursday a private beta phase trading on the platform for US customers selected…