BOSTON, Dec 11 (Reuters) – LionEye Capital, a $1.5 billion event-driven hedge fund, is closing its doors at the end of December after suffering double digit losses and heavy redemptions this year, two people familiar with the matter said.
The six year-old fund, run by Stephen Raneri and Arthur Rosen, is the latest casualty in an industry being battered by unpredictable markets and more demanding investors who are ready to pull money out at the first whiff of trouble.
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