Finance
Talpins’ Hedge Fund Returns $6 Billion to Mostly Manage His Cash
- About 90% of current $3 billion in assets is internal money
- Element gained 22.5% in 2024 after three years of losses
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Jeff Talpins’ macro trading hedge fund Element Capital Management returned more than $6 billion last year, shrinking its asset base and stepping closer to managing mostly internal money.
The firm made its fifth and final capital return at the end of the year, bringing down its assets to $3 billion, according to a letter to investors seen by Bloomberg News. About 90% of the assets now is internal cash.