Bloomberg News is reporting that the founder, Eric Mindich, "doesn't believe he'll be able to run a global, multi-disciplinary investment firm under current conditions," citing a person with knowledge of the matter.
Mindich's fund was considered to be one of the largest hedge fund launches when it started more than a decade ago with $3.5 billion.
The firm's flagship fund posted a 9.4% loss last year, according to a report by Institutional Investor's Steve Taub.
This is a developing story...