Hedge Fund JAT Says It’s Closing to Become Family Office
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John Thaler, founder of JAT Capital, is returning client money to turn his $1.7 billion hedge fund firm into a family office.
“As I approach my 20th anniversary working in the financial services industry, with the last eight spent building and managing JAT Capital, it is the right moment to take a break, spend time with my young family and determine which path to pursue next,” Thaler, 39, wrote in a letter to investors, a copy of which was obtained by Bloomberg.