Iconic hedge fund manager Perry Capital is reportedly closing its flagship fund
CNBC
Perry Capital, an iconic hedge fund firm, is shutting its flagship fund after 28 years, according to Bloomberg News.
The fund has suffered from poor performance and a changing management structure.
Perry manages about $4 billion, down from $15 billion at its peak in 2007, Bloomberg's Katherine Burton and Katia Porzecanski reported.
Earlier this year, the firm cut jobs following a round of investor redemptions, the Financial Times reported. The flagship fund was down 12% last year. Читать дальше...