(Bloomberg) Chesapeake Partners Management, one of a handful of hedge funds run by a woman, will return money to investors after 25 years. The $1.4 billion firm managed by Traci Lerner will transform into one that oversees her own wealth, she said in an e-mailed statement on Wednesday. Chesapeake, based in Baltimore, followed an event-driven strategy, wagering on corporate actions such as takeovers and bankruptcies.
Chesapeake Hedge Fund to Return Client Money After 25 Years
This entry was posted in Syndicated. Bookmark the permalink.
