San Francisco Chronicle – Evergreen Capital Partners Ltd.’s Australian hedge fund, which gained 58 percent in its first 18 months by buying resource stocks and short-selling retailers, will close to outside investors in six to 12 months to remain focused on its investments, co-founder Tim Hannon said.
Evergreen’s long-short equities fund will stop accepting new money when it reaches A$200 million ($206 million) from its current A$100 million, Hannon, a former Goldman Sachs JBWere Ltd. asset manager, said in a telephone interview yesterday.
