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Anandar Capital Fund Liquidates After Partner Disagreement

by bloomberg.com posted 2years ago 294 views
Anandar Capital Management, the hedge fund started by former Magnetar money managers Min Htoo and Jordan Teramo, is returning money to investors, according to a letter obtained by Bloomberg. The liquidation of the New York-based firm is due to a disagreement between the partners, said a person with knowledge of the situation, without providing details. The person asked not to be named because the information is private. “It is with thoughtful resolution that I inform you of my decision to conclude our Anandar effort," Htoo, the firm’s chief investment officer, wrote in the July 8 letter. “Though this has been an exceedingly difficult decision to make, I have conviction that it is the correct path as your fiduciary."

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