Bain Capital To Wind Down $2.2 Billion Macro Hedge Fund

Another one bites the dust… Bain Capital is winding down its multi-billion-dollar Absolute Return Capital hedge fund, citing a “challenging” environment for macro trading. The private equity giant’s latest move highlights the ripple effects from this summer’s global financial market turmoil. Bain Capital’s ARC down 14.8% this year Bain Capital’s $2.2 billion Absolute Return Capital (ARC) manages assets in fixed income, equity, commodity and currency markets. In a letter to investors on Tuesday, the private equity giant said it is “winding down” the macro hedge fund and returning capital to investors. After logging three years of losses, the ARC fund was down 14.8%…