(Reuters) Hedge fund firm City Financial has agreed to transfer two funds, which run a total of $332 million in assets, to Garraway Capital Management, a source familiar with the matter told Reuters on Monday. City Financial had completed a restructuring of its business in December, including closing its New York office. Reuters had reported in December that City Financial and the chief investment officer of its Decca Fund had decided to wind down its credit-focused strategy.
Hedge Fund Firm City Financial Transfers $332 Million to Fund Manager Garraway
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