Capello Closes Merchants’ Gate Hedge Fund to Focus on Family
This article is for subscribers only.
Merchants’ Gate Capital, started in 2007 by former Ospraie Management senior analyst Jason Capello, is shuttering as hedge funds close at the fastest pace since 2009.
The New York-based firm is liquidating the balance of its holdings before the end of the year and will return at least 90 percent of investor money by Jan. 31, according to a letter sent to its clients.