Activist MMI Shutting Down

Jan 23 2012 | 2:07pm ET

MMI Investments is liquidating its hedge fund and closing its doors.

Jerome Lande and Clay Lifflander, founders of the New York-based activist shop, have decided to end their partnership, Reuters reports. The split is reportedly amicable.

MMI has all but stopped investing in recent weeks and in November abruptly ended its activist campaign against communications equipment manufacturer Comtech Telecommunications.

MMI has been liquidating its portfolio for several weeks, according to Reuters.

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