Pennant Capital Closing One Fund in Move to Improve Returns

  • Portfolio managers Joerg Diedrich and Lee Atzil to leave.
  • Pennant's oldest fund up 15% a year on average since 2001.

Pennant Capital Management, the investment firm founded by Alan Fournier, is closing one of its hedge funds in a move to boost returns.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.