Meredith Whitney Shuts Down Hedge Fund Kenbelle Capital

Jun 11 2015 | 2:59am ET

Meredith Whitney has shut down her hedge fund Kenbelle Capital and said she has no plans to manage money again.

“I think that chapter of my life is over,” she said on Wednesday during an an interview with Fox Business. “This whole experience has been highly unfortunate and I’m putting it behind me.”

Whitney rose to prominence in October 2007 while an analyst at Oppenheimer. That month, she issued a well-timed prediction on struggling investment bank Citigroup that the company would slash its dividend. The firm's stock would plunge within days, followed by the resignation of then-CEO Charles Prince.

A popular guest on business television, Whitney left Oppenheimer in February 2009, and began her own research firm. 

Hailed as an oacle of the larger financial crisis that followed in 2008, she became ubiquitous on business television and resigned from Oppenheimer in February 2009 to start her own research firm. In November 2013, Whitney's firm Kenbelle Capital and the American Revival Fund became bullish on heartland stocks.

At the time, she predicted a strong revival for the Midwestern economy in both a book and on television.

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