Jetstream To Close In February

Sep 7 2011 | 12:31pm ET

Tennessee hedge fund Jetstream Capital will return money to investors and close its doors early next year.

CEO Joel Dobberpuhl told investors that the $500 million firm will wind down its funds at the end of February, HFMWeek reports. Dobberpuhl cited his son's starting college this year and his daughter's turning 16 among the factors in choosing to shutter Jetstream, noting that his family is going through a transition.

Last month, Jetstream's Gary Dean founded Carilliam Capital in Nashville.

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