SandRidge Capital's Rowe says retiring, closing fund
NEW YORK (Reuters) - Andrew Rowe, head of commodity hedge fund SandRidge Capital LP, is retiring and shutting down the fund after a year of positive returns, he said on Friday.
His fund, which has $320 million under management, returned 11 percent to its institutional clients last year, he said.
Most of the money will be returned to clients by the end of the first quarter.
"I'm going to sit back and hang out with my kids and play golf," he said. "Life is good."
(Reporting By Jeanine Prezioso; editing by John Wallace)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Doctor with Ebola in Manhattan hospital after return from Guinea |
- Exclusive: Charred tanks in Ukraine point to Russian involvement
- Ground offensive against Islamic State months away in Iraq: U.S.
- Stress tests, Ebola cool global stocks after best week of year