Hedge Funds

Ex-Tudor star Heffernan shutting just five months after launch


The fewer than 30 investors who last October managed to get into the highly coveted launch of Mark Heffernan's Satoha Capital fund have found their success short-lived: Heffernan has notified them that he will soon liquidate the fund.

Heffernan was having a stellar year - his $500 million portfolio was up more than 15% through the beginning of April. But he apparently found that he no longer enjoyed the 24-hour job of running a discretionary, global macro vehicle.

Since leaving Tudor in 2001, the ultra-private and family-oriented Heffernan had been running his own money from his office in