Element Capital Management is encouraging investors to pull their cash and expelling some who refuse to do so as it seeks to shrink assets by about $3 billion.
Jeff Talpins’s firm, which managed $12.6 billion in January, believes it has grown too big and that the move will allow it to be more nimble after two straight years of losses, according to people familiar with the matter. A representative for New York-based Element declined to comment.
