Report: Alp Ercil to Shutter $3B Hedge Fund, Launch Family Office

Alp Ercil, founder and CIO of asset manager Asia Research and Capital Management, is reportedly winding down his $3B hedge fund and converting the firm to a family office, according to a February 7 Bloomberg report, citing sources familiar with the matter.

Ercil is prioritizing personal reasons for the transition, according to the report, and is reportedly notifying the firm's investors and employees about a wind-down of ARCM's distressed asset fund. ARCM has demonstrated remarkably consistent performance since its founding in 2011, experiencing only one loss of 1% in its history. Its flagship distressed asset fund – the fourth in the series – has delivered a strong 19.5% annualized return over the past five years, including a 10.5% gain in 2024.

Following last year's $1B return from its Fund IV, ARCM plans to distribute an additional $3B to investors as it liquidates its remaining assets. The firm will reportedly transition to a family office structure, retaining a smaller team to manage partner capital.

Written By: Dakota

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