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Brencourt Advisors to Return Capital to Outside Investors

Bloomberg – Brencourt Advisors LLC, a New York- based multistrategy hedge fund, plans to wind down its funds by year-end, return money to outside clients and become a family office, the firm said in a letter to investors.

The $300 million firm decided to liquidate its funds after struggling to raise capital, according to a person familiar with the matter, who asked not to be identified because the information isn’t public.

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