Hedge Fund Arrowgrass to Shutter After Wave of Redemptions

(Bloomberg) Arrowgrass Capital Partners, the hedge fund started by a group of former Deutsche Bank AG traders, plans to shut after getting hit with a fresh round of investor redemptions. The 11-year-old firm, which employs more than 100 people in London and New York, will return capital and close, according to an investor letter seen by Bloomberg.

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