Hedge Fund Hoplite Capital Plans to Shut Down

(Reuters) Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday.“I have decided to close the Hoplite managed funds and return third-party capital as soon as possible,” Lykouretzos said in the letter seen by Reuters.

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