Hedge Fund Arrowgrass to Return Capital, Close After Fresh Redemptions

Arrowgrass, founded in 2008 by former Deutsche Bank traders, is facing financial difficulties, with a decline in performance attributed to low interest rates. Despite the market's growth, Arrowgrass is down significantly, leading to internal and legal challenges, including a lawsuit involving an employee and issues with investor redemptions.

When was Arrowgrass Capital Management founded?

• 2008

• 2005

• 2012

• 2010

What was the primary reason given for Arrowgrass's financial decline?

• Low interest rates

• Regulatory changes

• Increased competition

• High employee turnover

What significant action did Arrowgrass take last year?

• Expanded into new markets

• Closed their distressed debt trading team

• Merged with another company

• Launched a new hedge fund

What is the nature of the lawsuit involving Arrowgrass?

• Breach of contract

• Employee discrimination

• Delay in employee departure

• Intellectual property theft

By how much have Arrowgrass's assets under management decreased since 2017?

• By two-thirds

• By half

• By a third

• By a quarter