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Here’s What Happens When a Hedge Fund’s Star Walks Away

February 6, 2019 : Permanent Link

(Bloomberg) Andrew Fredman hit the hedge-fund lottery. For a decade and a half, he made a fortune as the investment brains behind Fir Tree Capital Management.Then, at 53, he walked away. What happened next shows the vagaries of the hedge-fund business — and how quickly a hot hand can go cold when a star steps back.

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