Hedge Fund Cantillon Closing: Converting to Long Only Fund
Monday, June 22, 2009 : PermalinkSeeking Alpha – William von Mueffling’s Cantillon Capital Management will be closing down the hedge fund portion of its business. The fund will wind down its positions except for $1 billion worth of long positions as it reverts to a long-only shop. We’ve not covered Cantillon in our portfolio tracking series before, but von Mueffling is quite a prominent name in the industry.
His firm had $10 billion assets at its peak and more recently had around $3.5 billion assets under management. He founded the firm in 2003 after leaving Lazard, where he helped build up the investment house’s hedge fund business. Like many of the long/short equity hedge funds we track, Cantillon is a stock picking firm.
Tags: 1-billion, assets-under-management, cantillon capital management, equity hedge, fund portion, fund-business, hedge fund, hedge funds, lazard, long short equity, seeking alpha, stock, william von mueffling
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