When the two founders of small hedge fund Harmonic Capital Partners departed after 14 years with the business, investors got the jitters.
More than 10% of assets under management were pulled from the firm, which focuses on absolute returns from macro-economic and geopolitical risk, when the duo left in July 2016. The firm saw around $200 million flow out, taking its total fund assets down to $1.7 billion, where they remain.
