Hedge Fund Karsch Capital to Shut Down After 13 Years -letter

Hedge fund manager Michael Karsch is shutting down his 13-year-old firm, Karsch Capital Management, in order to “think about the next chapter” of his career.

“I have decided to return capital to investors at the end of the third quarter,” Karsch wrote to investors on Wednesday, according to a letter seen by Reuters.

Karsch, whose biggest investments include Yahoo Inc and Expedia, said that 95 percent of the fund’s $1.8 billion in assets would be returned to …

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Thursday, August 29th, 2013 EN

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