NEW YORK Dec 30 Commodity hedge fund Higgs
Capital Management will wind down and return money to investors,
its founders said in a note on Monday.
The fund managed some $250 million and invested across
energy, metals and agriculture markets, Neal Shear, one of the
founders, told Reuters.
Shear and co-founder Jean Bourlot, both former executives at
Morgan Stanley and UBS, said in the note that
they would return capital and wind down the fund in an "orderly
"Over the life of the fund we made money," Shear told
Reuters. "Our closing is largely a factor of redemptions that
are happening in the commodity market and lack of stability of