Due to insufficient scale, AllianceBernstein closes Arya hedge fund

The company previously responded that this multi-manager fund is part of its $6 billion hedge fund platform. The company expects that 95% of the liquidation proceeds will be distributed to clients in June. The asset management firm stated that it remains committed to providing clients with a range of systematic and multi-manager solutions. Arya is a long/short equity multi-portfolio manager platform focused on fundamental securities selection. Expand