Fund launches & closures Hedge Funds

Ex-Soros MD Feinberg to shut fund

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Heavy losses and redemption requests are forcing JLF Asset Management, the West Coast hedge fund launched by Soros Fund Management alum Jeff Feinberg in 1999, to close up shop.

Investors were informed on October 14 that the fund would be liquidating. The high-flying JLF was down 42% through August after being hit by losses in Chinese and Indian small and mid-cap companies in the portfolio, according to an investor. The firm, a long/short shop specializing in consumer and retail stocks, had an office in Hong Kong and last year planned to open one in India in addition to its