According to Reuters, the Brits are packing it in. Read more »
Kleinhenz Capital Shuttering Leaves Void In The “Hedge Fund Managers Who Have No Qualms About Driving Their Adversary’s Kia Sorento Into A Pond” FieldBy Bess Levin
Last Friday, Bloomberg reported that Kleinheinz Capital Partners had written investors to inform them that the firm would be closing up shop, on account of founder John Kleinheinz no longer “enjoying running running the fund” as much as he used to. And while JK is certainly not the first hedge fund manager to throw in the towel or to blame “central bank and government intervention for reducing volatility and making macro investing more difficult,” and there are obviously enough people left in the industry to manage people’s money, this particular account of calling it quits should leave you slightly misty-eyed, for one reason: the hedge fund community has lost the guy that did this (and, noting the less than apologetic apology, would do it again?): Read more »
Clients were informed of the turn of events today in a rather terse email that may or may not have concluded, “So that’s all, don’t let the door hit you on the way out.” Read more »
Why, the firm would rather not say at this time. Read more »
According to Bloomberg, the brokerage “will halt operations after an attempt to boost capital fell through” and close by the end of the week.
“Re: WJB Capital cutting its brokerage operations…the firm had recently gone on a hiring spree, including a couple Citadel analysts.”