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Hedge Fund Highfields Capital To Return Money To Clients

by wsj.com posted 2months ago 24 views
Boston hedge fund Highfields Capital Management is returning billions in client money and converting into a family office, founder Jonathon Jacobson told investors in a letter Wednesday. The decision to return money to investors marks one of the largest hedge fund closings in recent history. Mr. Jacobson started the $12.1 billion investment firm in 1998 after he left his post trading stocks for Harvard University’s endowment. Harvard was the first client at Highfields, which has about $9.5 billion in outside client money.

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