Allan Mecham may have had a rough first quarter big AUM decrease ahead of closure

Allan Mecham's Arlington Value told investors recently that it will wind down in the next six to nine months, citing health reasons. The fund may have had a bumpy ride lately, as have most hedge funds due to the market crash, but any losses racked up by Arlington lately are on a much larger base than the massive gains the fund has posted in the past, even during the global financial crisis.

Arlington may have been down 40% for Q1

Allan Mecham rose to fame for recording massive returns over the course of several years, earning him the title of "the next Warren Buffett." As with most funds, his percentage returns during his early years when he wasn't managing much money...