FrontPoint To Close Most Hedge Funds

May 20 2011 | 11:57am ET

FrontPoint Partners, which once managed $7 billion, is winding down most of its hedge funds and returning the money to investors. Most of the strategies will be shut by the end of the month, although FrontPoint stressed that it was not shuttering the firm entirely.

"While smaller as a result of these client requests, FrontPoint's business will continue," FrontPoint said in a statement.


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