Whitney Hedge Fund Cuts 2014 Losses to 4.7% on June Gain
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Meredith Whitney, the former Wall Street analyst who started a hedge fund with backing from British billionaire Michael Platt, lost 4.7 percent this year in her fund, according to an investor letter.
Whitney’s American Revival Fund LP, which started in November with about $50 million, posted a 1.7 percent gain in June, ending five months of losses, according to the letter sent today from her New York firm Kenbelle Capital LP. The fund is down 1 percent since inception.