Hedge Funds

Grange Park is latest tech shutdown

by

Andy Kaplan has announced that he is shutting down his Greenwich-based Grange Park technology fund after a period of moderate performance over the past few years. It comes as a number of his former colleagues at Andor roll out their own technology and healthcare funds.

At its peak, Grange Park was running close to $500 million but has subsequently seen assets shrink to $200 million. However, Kaplan informed investors of his plan to return capital in a recent letter, citing the fact that his investment strategy was no longer working and that there was no point in waiting for