In a major overhaul, Taconic Capital Advisors is shuttering its $1.8 billion flagship multistrategy hedge fund, spinning out its European credit strategy and reworking its C-suite.
September 12, 2025 12:46 PM EDT
Key Takeaways
- The firm will transition from trading across multiple strategies to concentrating on North American credit and merger arbitrage.
- Taconic’s flagship Opportunity Fund has seen mediocre returns for years; its annualized return since its 2004 inception is 5.8%.
- Its London-based European credit team will spin out into an independent firm, Dolomite Capital, in January.
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