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January 09, 2019  

Wave of Closures Hits San Francisco

Two more fund-management firms in San Francisco have closed up shop, bringing to at least a dozen the number of managers in and around the city that have called it quits in the past year. The latest casualties: Lanternback Capital, which launched less than a year ago, and Finchwood Capital, which began trading in 2015 and was running a little less than $100 million at the start of 2018. In both cases, the firms were unable to raise enough capital...

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