John Griffin to Shut Blue Ridge Capital Hedge Fund After 21 Years
- Business can be ‘humbling’ -- especially on short-selling side
- Tiger cub averaged 15.4% gains since inception, beating S&P
John Griffin, president and founder, Blue Ridge Capital LLC{P
Photographer: Amanda Gordon/Bloomberg
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John Griffin told investors he’s closing his $6 billion Blue Ridge Capital, ending a three-decade career in hedge funds as the eight-year bull market weighs on his industry.
“This can be a humbling business, and many times we were tested, especially on the short side, but we have remained committed to the long-short portfolio strategy that has been our founding philosophy since we launched over 21 years ago,” Griffin wrote in a Dec. 15 letter announcing the shutdown.