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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