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Tontine Capital And Tontine Partners Closing Up Shop

David Faber reports that Jeffrey Gandell will be liquidating and closing Tontine Capital and Tontine Partners, which sort of makes sense, considering their performance of late. But don't worry! Because of its relatively stellar returns--October: -30.60%, YTD: -53.90%--Tontine 25 will be kept open, as will Tontine Financial, which is said to be down 83.3 percent for the year. Letter after the jump.

Tontine [PDF]