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Update 1-hedge Fund Highfields To Shut Down, Founder Says In Client Letter | Reuters

by uk.reuters.com posted 2months ago 25 views
BOSTON, Oct 3 (Reuters) - Hedge fund Highfields Capital Management is shutting down amid a period of lackluster returns and as its founder said he needs a change after two decades of managing money for prominent clients including Harvard University. Jonathon Jacobson told investors on Wednesday that he plans to convert the roughly $12 billion Boston-based firm into a family office and acknowledged that results in the “last few years” have fallen short of his expectations. Highfields has lost a little more than 1 percent this year and was up just slightly in 2017.

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