Chriss Is Shutting His $2 Billion Hutchin Hill Hedge Fund
- Firm didn’t deliver on goals for three years, letter says
- Hutchin Hill joins list of hedge funds closing this year
Photographer: Patrick T. Fallon/Bloomberg
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Neil Chriss is shuttering his $2.2 billion hedge fund firm and returning all capital to investors, joining several veteran managers calling it quits this year.
"We have not delivered on our performance goals for three years in a row," Chriss said in a letter to investors dated Nov. 30. "During this period, we sought to adapt and invest in talent and strategies to ensure we had the best team to generate long term results for our investors. We fought hard, but did not deliver the performance that you expected from us."