Rough Spring for Ravi Kaza, Seasons Capital Management to close all three hedge funds

June 13th, 2010
| More
Due to the increased difficulties of today’s investing environment, Ravi Kaza’s Seasons Capital Management has decided to call it quits and is starting to return capital to its investors. According to a 2008 SEC filing, Mr. Kaza’s hedge fund firm once had more than $4 billion in assets under management. Seasons Capital’s most recent SEC filing revealed that the firm’s assets had fallen to just under $1.5 billion.

According to Absolute Return+Alpha, Ravi Kaza, who founded his San Francisco-based hedge fund firm in 2003 after a lengthy stint at Stanley Druckenmiller's Duquesne Capital Management, will continue to operate the firm as a family office following its closure.

Seasons Capital Management, which employs a long/short equity strategy that focused on technology, media and telecom stocks, recorded the following stocks as its top 5 holdings as of 3/31/10:

Apple Inc (AAPL) $86mm / 367,647 Shares
Oracle Corp (ORCL) $54mm / 2,115,117 Shares
Wal-Mart Stores Inc (WMT) $45mm / 826,599 Shares
Hewlett Packard Co (HPQ) $45mm / 860,002 Shares
Google Inc (GOOG) $38mm / 67,173 Shares

Page 1 of 2 Next >>
For Detailed Investor Profiles on these Investors, click below:
Seasons Capital Management*
Duquesne Capital Management
Related People: Ashish Shah; Joshua Wyss;; Ravi Kaza; Scott Devinsky; Sean Cullinan*; Stanley Druckenmiller
Related Entities: Seasons Aggressive Fund; Seasons Capital; Seasons Leveraged Core Fund; Duquesne Capital; Duquesne Fund Managament; Seasons Aggressive Fund; Seasons Core Fund; Seasons Institutional Core Fund; Seasons Institutional Core Fund LP; Seasons Leveraged Core; Soros Fund Managament*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

UCITS HFS Index Drops in May After Two Months of Gains

Julian Barnett’s Ridley Park Capital launches flagship hedge fund with $200 million

Bull and Bear Capital & Critical Value Advisors announce launch of Hedge Fund Xchange an Investor Matching Service

Cheng and Penkett’s Omnix Capital logs its best month during tough month for hedge funds

Top Global Macro Hedge Funds: Brevan Howard Asset Management; Round Table Investment Management; Balestra Capital

HHR veterans Procter and Geurts launch new hedge fund manager Alloy Capital

Alithion Capital Management to Launch Japan-Focused Hedge Fund in July

John Schumacher and Mike MacBain launch East Coast Fund Management

Directors Can (and Should) Talk to Investors, About All Sorts of Stuff

Hedge Fund Job Report: Southpaw, Shumway Capital, BlueCrest Capital, Highland Capital, GAM, & Loomis Sayles