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Hedge Fund Latimer Light Says It Is Shutting Down | Investing News

by money.usnews.com posted 4months ago 51 views
BOSTON (Reuters) - Hedge fund Latimer Light Capital, which specialized in picking stocks, is closing its doors, becoming the latest casualty in an industry pummeled by the recent stock market sell-off. New York-based Latimer Light told investors it plans to shut down in a letter it emailed on Friday, according to people familiar with the matter. A spokesperson for the firm declined to comment. The firm was founded three years ago by Scott Phillips, who spent nearly a decade working for Stephen Mandel's Lone Pine Capital, one of the industry's most respected hedge funds.

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