TigerShark Said to Shut After Bull Market Dents Returns
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TigerShark Management, one of the original hedge funds seeded by billionaire investor Julian Robertson, is said to be closing after 14 years, the victim of a six-year bull market that made shorting stocks a losing proposition.
TigerShark, co-founded by Tom Facciola and Michael Sears, will return its roughly $100 million in capital at the end of this month, according to a person familiar with the firm, who asked not to be named because it’s a private company. Greg Langley, the chief financial officer, didn’t return an e-mail seeking comment.