Matrix Capital Management is a $11 billion Tiger Cub hedge fund run by David Goel. The fund unexpectedly announced it would be shutting down over Goel's health issues today. While there is scant detail on what Goel is referring to or if there are other reasons at play, the investor letter contains interesting tidbits. HedgeFundAlpha has obtained a copy of the letter which 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...