Highfields Capital is preparing to wind down its portfolio and become a family office. Founder Jonathon Jacobson made the announcement in the firm's latest letter to investors, which was obtained by Hedge Fund Alpha.
Highfields Capital prepares to wind down
The hedge fund started accepting outside capital 20 years ago as of Monday, and Jacobson said the occasion got him thinking about the firm's future. He had been thinking about transforming Highfields Capital into a family office for a while, and he decided recently that this is what he wants to do. He said "many factors contributed to this decision," and it was "beyond incredibly difficult" to reach that decision. In the end, one thing helped him realize he was ready...
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