Tiger Cub Goel Closes $11 Billion Firm, Citing Health Issues

David Goel, who worked for hedge fund titan Julian Robertson before launching Matrix Capital Management 25 years ago, is shuttering his $11 billion firm and returning client cash.

Goel told clients in a letter that he made the decision to close his hedge fund due to health problems, according to people familiar with the matter who asked not to be identified because it is private. He didn’t disclose the nature of his illness, and the firm declined to comment.