Platypus Capital Closes Hedge Funds in ‘Post-Madoff World’

Bloomberg – Platypus Capital Management is liquidating its long-short Asian and Australian hedge funds, citing difficulties in a “post-Madoff world.”

The Sydney-based firm, with about $42 million in assets, will return funds to investors, saying it didn’t have a “viable size in the industry as it currently exists,” partners Chris Talbot, Derek Sicklen and Charles Magri wrote in a letter to investors obtained by Bloomberg. Sicklen confirmed the contents in a telephone interview today.

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