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The Wall Street Journal: Frontlight Capital to close, adding to growing list of shuttered hedge funds

Another hedge-fund firm is closing its doors.

Boston-based hedge fund Frontlight Capital LP is shutting after fewer than three years in operation, people familiar with the matter said. Four other hedge funds earlier this month announced they were closing, as investors re-evaluate a once-highflying industry plagued by weak returns.

Through September of this year, Frontlight’s fund, Frontlight Enhanced Macro Master Fund I, LP, lost 4.17%, according to a document reviewed by The Wall Street Journal. The fund lost 5.6% last year. The firm managed about $280 million, the document said. Frontlight deployed a macroeconomic investing strategy, meaning it bet on macroeconomic factors including interest rates.

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