Sculptor Capital Plunges Most Since May 2020 After Posting Outflows
- Hedge fund clients pulled a net $55 million in fourth quarter
- Firm logged full-year inflows as Levin’s turnaround continues
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Sculptor Capital Management Inc. tumbled the most in almost two years on Thursday, after reporting that clients pulled $55 million from its flagship hedge fund in the fourth quarter.
Shares of the firm fell 13% to close at $13.86, the biggest drop since Feb. 24, 2021, as Chief Executive Officer Jimmy Levin’s turnaround efforts continued unevenly. That extended the stock’s decline this year to 35%.