May 14, 2026 at 7:08 PM UTC

Perbak Capital Partners, a UK-based hedge fund backed by Schonfeld Strategic Advisors, is winding down after determining its assets haven’t grown enough to maintain a “significant financial buffer” to protect the business.

Perbak ran two short-focused equity funds and managed about $1.1 billion of assets, including money for Schonfeld, according to people familiar with the matter, who asked not to be identified because the information is private.

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