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.

What year was Arrowgrass started and who were its founders?

What are the reasons given for the company's performance issues?

What legal issue is the company currently facing?

What significant financial decline has the firm experienced since 2017?

How much were investors asking to redeem from the firm?