Tiger Cub Patrick McCormack to Shut Consumer Hedge Fund Firm
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Hedge fund manager Patrick McCormack said he’s shutting down his Tiger Consumer Management after 15 years to spend more time with his family.
“Managing a fundamentally driven, long/short equity hedge fund is rewarding but demanding work,” he wrote in a letter to investors sent out on Wednesday. “The decision to wind-down is one of the most difficult I have faced, but I have given it considerable thought and believe now is the best time to do so, particularly given a strong start to the year.”