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)
- Dallas Ebola patient vomited outside apartment on way to hospital |
- Islamic State committing 'staggering' crimes in Iraq: U.N. report
- Hong Kong police warn protesters against occupying buildings |
- Israel's Netanyahu to Obama: Don't allow Iran deal that leaves it at nuclear threshold
- Islamic State presses assault on Syrian border town, Kurds warn Turkey |