Troubled hedge fund taken over by East Capital subsidiary

Asset manager Adrigo will take over Max Mitteregger's Gladiator hedge fund, which recently had a torrid time in the market and is down 53 percent since the start of the year.
Max Mitteregger hedge fund Gladiator will be merged with Adrigo Small & Midcap | Photo: Photo by RODGER BOSCH / AFP)
Max Mitteregger hedge fund Gladiator will be merged with Adrigo Small & Midcap | Photo: Photo by RODGER BOSCH / AFP)

Hedge fund manager Max Mitteregger is stepping down from his Gladiator fund after 17 years. The East Capital Group-owned manager Adrigo will take over and merge the troubled fund with its Adrigo Small & Midcap strategy, according to an official statement by East Capital Group.

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