Another hedge fund will be closing down. Brenham Capital Management founder John Labanowski informed investors of his plans to shutter the nearly $700 million fund in a letter this week. ValueWalk obtained a copy of the letter to investors announcing the closing.
A “gut-wrenching” decision to close Brenham Capital
Labanowski said he plans to liquidate the fund and return capital to investors at the end of this year. He describes the move as “gut-wrenching” but also “the right thing to do.” The Brenham Capital founder said the fund’s strategy is no longer working, so he’s not willing to keep risking investor capital...
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