Hong Kong’s Tybourne to Shut $2.8 Billion Hedge Fund
- Hong Kong-based firm will return fund money over coming months
- It will focus on long-only and private investment funds
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Tybourne Capital Management is shutting its $2.8 billion hedge fund, retreating from bearish bets that have become increasingly difficult to make money from, said people with knowledge of the matter.
The Hong Kong-based firm will shift focus to its long-only and private investment funds, said the people, asking not to be identified because the information is private. It plans to return money in the Tybourne Equity Master Fund to investors over the coming months and waive performance fees on it in the interim, the people said.