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Hedge funds Scout Capital Management, Joho Capital to close-WSJ

Reuters – Two multi-billion dollar U.S. hedge funds, one of which was Asia-focused, will close, the Wall Street Journal reported late on Thursday.

The $6.7 billion Scout Capital Management LLC and $5 billion, Asia-focused Joho Capital LLC notified investors this week that they would return outside money, the Journal reported, citing letters to investors.

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