Five Mile Capital Partners shutters Housatonic fund

Mon May 1, 2006

Five Mile Capital Partners, the hedge fund and private equity firm founded by a group of fixed-income veterans led by Lewis Ranieri, has shut down its Housatonic arbitrage fund following poor performance.

Following the closure in March, Mason Haupt, the mortgage-backed and asset-backed specialist who ran it, left the firm. Five Mile has also returned all of the fund's...


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