FinanceEXCLUSIVE New York's Infinity Q winds down hedge fund as valuation issues spread
Lawrence Delevingne
5 minutes read
New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices spreads, according to a person with knowledge of the matter.
The hedge fund wind-down, first reported by Reuters, may expand the Wall Street firm's client losses and spark further questions over who is to blame for the valuation problems first surfaced by the Securities and Exchange Commission (SEC).
Infinity Q, which is backed by private equity billionaire David Bonderman, said in January that it managed $3 billion in assets.