Finance
Weiss Multi-Strategy Hedge Fund to Shut After 46 Years
- ‘Every journey has twists and turns,’ founder and CEO writes
- Firm says it’s wound down vast majority of client portfolios
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Weiss Multi-Strategy Advisers LLC, a New York-based investment management firm started in 1978, is winding down its operations.
“Every journey has twists and turns, and after careful consideration of various factors and circumstances, I have arrived at the difficult decision to conclude this journey,” George Weiss, the firm’s founder and chief executive, wrote in a letter to clients and partners.