(Bloomberg) Barry Wittlin, a former top proprietary trader at Merrill Lynch & Co. who manages money for billionaire Alan Howard’s hedge fund, is closing his firm after almost a decade.
Wittlin said he will liquidate assets in his hedge fund and return money to clients of his WCG Management by the end of June, according to a letter sent to investors Wednesday and obtained by Bloomberg. Wittlin, who gave no reason for the decision in the letter, didn’t return several phone messages and an e-mail seeking comment.
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