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Ex-Citadel’s Russell Said to Close Hedge Fund Bell Point

Bell Point Capital Management LP, the multistrategy credit hedge fund founded by Joseph Russell, the former head of U.S. fundamental credit at Citadel LLC, is winding down by the end of the year, according to two people familiar with the matter.

Bell Point, whose main fund reached a peak of more than $500 million in assets earlier this year, plans to give money back to investors and has already returned an undisclosed amount, said the people, who asked not to be identified because the information is private. Russell, 49, plans to retire, the people said.