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Richard Perry Walks Away, Hoping for a Shot at Vindication

  • Manager says he’d back Westhus and Shah if they start funds
  • Perry says mortgage bet could take a year or more to play out
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Why Richard Perry Is Closing His Main Hedge Fund

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Richard Perry can’t quite believe it’s over.

Despite three years of losses, falling assets and turnover of senior executives, despite even the news Monday that he was shuttering his flagship hedge 
fund -- he’s still looking for a bit of redemption.