Anchorage to Close $7.4 Billion Hedge Fund as Ulrich Era Ends
- Kevin Ulrich relinquishes CEO role to become firm’s chairman
- The closure is one of the biggest among hedge funds this year
This article is for subscribers only.
Kevin Ulrich’s two-decade run at the top of Anchorage Capital Group is over.
The co-founder of what was once among the world’s biggest distressed-debt hedge funds said he’s closing the flagship vehicle and ceding his day-to-day role as chief executive officer, after years of client withdrawals and uncooperative markets.