Reuters – U.S. hedge fund Longacre Fund Management LLC is shutting down its main funds after investors pulled out their cash, in a sign that market turmoil is having an impact on some hedge funds, media reports said late on Monday.
New York-based Longacre will return capital at the end of the year, Jeremy Garber, chief operating officer, said in an e- mailed statement, according to Bloomberg. The firm, however, continues to manage some products, the agency said.
