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Matt Grossman’s Plural to liquidate

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The SAC alum decides to close his firm citing difficult markets and work-life balance.

   
   Matt Grossman
(Photo: Institutional Investor)
Plural Investments, the long/short equity firm founded by SAC Capital Advisors alum Matt Grossman in March 2008, plans to close and return outside capital by the end of September, according to a letter sent to investors today.

Plural launched in January 2009 with $450 million after $900 million was initially committed before the financial crisis. The firm required a four year investor lock-up, promising high returns coupled with stringent risk controls. It’s not clear how many investors would have asked for their money back when the lockup expired. The firm managed $440 million as of