Perry Capital Closing Flagship Fund After Almost Three Decades
- ‘Market headwinds against us have been strong,’ Perry wrote
- Fund lost 18.4% since end of 2013; assets drop more than half
Why Richard Perry Is Closing His Main Hedge Fund
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Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years.
Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style of investing no longer worked.