(Reuters) – Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived relaunch of his asset management firm. “Simply put, it has been much harder to raise money over the last several months than I anticipated,” Vinik wrote in a letter to investors seen by Reuters, relaying his decision to shut down the portfolio on Nov. 15, 2019.
Vinik to shut down hedge fund, says raising cash ‘much harder’ than expected
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