Investing

Bob Bishop Is Closing His Impala Hedge Fund After a Run of Strong Returns

  • His main hedge fund has surged 64% since the beginning of 2020
  • Bishop previously worked for Soros, Maverick, Tiger Management
Bob BishopPhotographer: Heidi Gutman/CNBC/NBCUniversal/Getty Images
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Bob Bishop is closing his Impala Asset Management and turning it into a family office, after posting strong returns over the past two years.

“I recently turned 65, and have spent 36 years in the investment industry, half of them with Impala,” Bishop wrote in a letter to investors Wednesday explaining his decision.