Karsch Returns Client Capital in $1.8 Billion Hedge Fund
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Michael Karsch is returning client money in his $1.8 billion hedge-fund firm after 13 years, saying he wants to take time to contemplate the next stage of his career, according to a letter sent to investors.
Karsch, 45, plans to return 95 percent of client assets in New York-based Karsch Capital Management LP by Sept. 30 and the remainder no later than January, according to the letter, a copy of which was seen by Bloomberg News.