Archive · 8 Jan 2026
Eisler Capital Closes with 14.3% Loss in 2025
Eisler Capital, a hedge fund started by Edward Eisler, has closed down after losing 14.3% in 2025.
Most of the losses came from pass-through expenses, which are costs like salaries and bonuses charged directly to clients.
The firm decided to close in September 2025 because it was losing money and its returns were not good enough.
Other similar hedge funds made money last year, but Eisler struggled.
The firm is trying to sell its investments and cut costs to minimize the expenses of closing down, which are expected to be between 10% and 15% of its value in September 2025.
Eisler started his business in 2015 as a macro trading firm and later expanded into different strategies.
Eisler Capital closed down with a 14.3% loss in 2025, including a 7.35% drop in December.
Nearly all losses were due to pass-through expenses like salaries and bonuses.
The firm decided to close in September 2025 due to dwindling assets and high staff costs.
Peers in the multistrategy hedge fund industry posted double-digit gains in 2025.
Wind-down expenses are expected to be 10%-15% of the NAV as of September 30, 2025.
- Who
- Eisler Capital, a multistrategy hedge fund firm
- What
- Closed down with a 14.3% loss in 2025
- When
- Formally wound down in December 2025
- Where
- Global (headquarters not specified)
- Why
- Due to dwindling assets, soaring staff costs, and returns failing to meet expectations
- Firm
- Eisler Capital
- Loss in 2025
- 14.3%
- December 2025 Loss
- 7.35%
- Reason for Loss
- Pass-through expenses
- Industry Performance
- Peers posted double-digit gains
- Wind-down Expenses
- 10%-15% of NAV as of Sept. 30
- Founder
- Edward Eisler
- Founded
- 2015