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Matrix Capital 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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Updated on
Matrix Capital management
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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 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...

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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 worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available.FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid