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June 05, 2019  

Fidelity Alum Throws In the Towel

Once-promising equity manager Chakra Capital is unwinding.Gopal Reddy told investors in May he would shutter the Boston operation, which launched in July 2017. The firm had less than $20 million under management.A source said Chakra’s shutdown reflected an unforgiving capital-raising climate, and that the shop had performed well.Initial expectations for Chakra were high, given Reddy’s work at former employer Fidelity Investments. He...

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