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January 16, 2019  

A Telling Tally: Well-Known Funds That Liquidated Last Year

A wave of prominent hedge fund managers called it quits in 2018, even as liquidations declined overall for the second year in a row.In announcing their decisions to return investor capital, managers tended to cite disappointing performance amid a decade-long bull market. "I don't want to spend the rest of my life chasing the S&P 500," said Leon Cooperman, founder of the $3.6 billion Omega Advisors, which converted to a family office in...

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