Perry Capital closes after 28 years in the business reports Bloomberg News this evening.
UPDATE: ValueWalk has obtained the full letter which can be found at the bottom of this post
Also see Q3 hedge fund letters
The iconic hedge fund founded by Richard Perry which recently experienced a big withdrawal of assets plans to shut down all its fund according to a letter to investors. In a statement echoing similar themes to those mentioned by Nevsky Capital (among others) Perry Capital states:
Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the timing for success in our positions too unpredictable,”
[drizzle]
As Bloomberg notes further in...
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