Blackstone-Backed Archview Investment Group Said To Close

Jan 2 2018 | 10:42am ET

Stamford, CT-based distressed debt hedge fund Archview Investment Group is reportedly shutting down and will begin returning money to investors.

The firm managed approximately $650 million and returned +5.3% in 2017, according to a Bloomberg article citing unidentified individuals familiar with the matter. Global alternative asset giant Blackstone Group is said to be among the fund’s larger investors. 

Archview was founded in 2009 by Jeff Jacob and John Humphrey, former co-heads of Citigroup’s distressed-debt team, and focused on uncovering absolute and relative mispricings within the capital structures of stressed and distressed companies. An inability to grow AUM is among the reasons for the closure, the Bloomberg article continued, as well as an elongated credit cycle that has made it difficult for distressed debt funds to raise capital.

Jacob will reportedly join credit specialist Marathon Asset Management, where he will help fund the firm’s opportunistic credit strategies. Information about Humphrey’s plans was not immediately available. 

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