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Steve Eisman Leaving FrontPoint, Funds Being Liquidated

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Eisman will clear out his desk by June 30.

AR reports:

A letter sent to FrontPoint investors yesterday said the firm has been unwinding its funds and will return "a significant amount of capital by June 30...The firm wrote that it will continue to operate the Quant Macro, Strategic Credit, Rockbay and Direct Lending funds, but notably did not mention the Financial Horizons Fund and Financial Services Fund managed by Eisman."