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Anandar Capital Fund Liquidates After Partner Disagreement

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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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