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UK Hedge Fund Perbak Shuts Down After Schonfeld Backing Fails to Drive Growth

Perbak Capital Partners, a London-based hedge fund backed by Schonfeld Strategic Advisors, is closing operations. The fund determined that its assets had not expanded adequately to maintain the financial reserves needed for continued operations.

The decision marks a setback for the Schonfeld-backed venture, which struggled to gain traction in a competitive fundraising environment.

Meanwhile, other hedge funds are experiencing divergent trajectories. Asia-focused managers are attracting increasing capital, with some firms targeting assets exceeding $8 billion. Quantitative and international hedge funds continue expanding their footprints into emerging markets.

The Perbak closure underscores the challenges facing newer entrants in the hedge fund space, where significant scale is critical to covering operational expenses and attracting institutional capital.