Scout founders bemoan 2012 returns

By Lawrence Delevingne

Sat Feb 23, 2013

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The $5.2 billion firm also announced a new president and the departure of its COO.


   
  James Crichton (Photo: Bloomberg)
Scout Capital Management made money in 2012, but not enough to please its founders, James Crichton and Adam Weiss.

"Our feelings about our performance this year are mixed. While we would not generally expect to pace the market in a strong up year like this, we would have expected to do somewhat better than the results we reported," the pair wrote in a letter to investors this month. "The overall conclusion is that the 2012 results...

ISSN: 2151-1845 / CDC10004H

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