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Matrix Capital Management Shuts Down; Predicts AI Will Lead To “Age-Old Human Dream” Of “Extending Life Itself” [Closing Letter]

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Jacob Wolinsky
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Matrix Capital management
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Matrix Capital Management Company, an $11 billion Tiger Cub firm led by David Goel, announced a significant hedge fund shut down today, citing Goel's health issues. While specific details are limited, an investor letter obtained by Hedge Fund Alpha provides insights into Matrix Capital, the reasons for David Goel decision, and wind-down process. The letter can be found below

Many pondered about the fate of  Altair Engineering Inc, which is a large holding of Matrix Capital. For example, in 2011, the company conducted a private placement with the tech company and released the following statement:

“Matrix has long admired Altair's innovative technology portfolio and world-class leadership team, and we believe the business is at a critical inflection point,” said David Goel, Managing...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.