Hedge Funds

Circle T survives founder's death


Despite the recent death of its founder, Circle T Capital Management is remaining open and is seeking to grow.

The firm has closed the flagship long/short fund, Circle T Partners, which former Circle T chief and CNN commentator Seth Tobias had managed, and will return all fund assets by yearend.

But in its first letter to investors since Tobias's death, the New York-based firm made clear its intention to continue: Two other funds that were not managed directly by Tobias, and held the majority of the firm's $100 million of assets, will remain open and apparently have not