Seasons Capital shutters tech funds
May 24, 2010
Suzy Kenly Waite
The San Francisco-based firm, which once managed $2.6 billion, is returning all capital to investors. Founder Ravi Kaza, a Duquesne Capital alum, will run the firm as a family office.
Seasons Capital Management, a San Francisco-based firm that invested primarily in technology, media and telecom stocks, is winding down its three hedge funds following declining assets and in response to a more challenging environment for stock pickers.
As of April 2010, the firm managed approximately $700 million, according to a filing with the Securities and Exchange Commission, down from a peak of $2.6 billion in December 2007....
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