(Reuters) Hedge fund White Elm Capital is returning money to outside clients at the end of the year, ending a 12-year run of picking stocks for pensions, endowments and wealthy families, its founder, Matthew Iorio, wrote in a letter on Friday. Iorio, whose fund is having one of its best years ever with a nearly 30% gain after fees, said now was the right time to end.
Hedge Fund White Elm to Shut Down, Posts Double Digit Returns
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