Blackstart Capital, a $319 million hedge fund focused on investing in utilities and infrastructure stocks, has shut down and its staff have joined Point72 Asset Management.Blackstart Capital, which listed $319 million under management on a recent disclosure form, has terminated its registration with the Securities and Exchange Commission.
The fund terminated its registration with the Securities and Exchange Commission effective Oct. 22, according to the SEC's website. It listed four employees on a filing earlier this year and said it managed $319 million on behalf of four clients, all pooled investment funds. Jamie Waters, a portfolio manager there, joined Point72, Steve Cohen's hedge fund firm, on Nov. 1, along with three senior analysts, according to Tiffany Galvin-Cohen, a Point72 spokeswoman. She said they would be investing in the energy sector.
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