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Hedge fund Karsch Capital to shut down after 13 years: letter

Reuters – Hedge fund manager Michael Karsch is shutting down his 13-year-old firm, Karsch Capital Management, in order to “think about the next chapter” of his career.

“I have decided to return capital to investors at the end of the third quarter,” Karsch wrote to investors on Wednesday, according to a letter seen by Reuters.

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