New York-based Greenwich Investment Partners, a specialists in value-based long/short equity management, may be shutting its doors.

The $50 million hedge fund, headed by Fir Tree Partners veteran Mike Esposito and his partner Lawrence Rawson, is apparently closing because of its size, or lack thereof, rather than as a result of performance issues.

“We may be winding down the fund but a final decision has not been made,” said Esposito, who denied rumors that the firm is relaunching under a new format with the addition of an ex-Goldman Sachs Asset Management fund manager.

Esposito declined to comment on his or his partner’s future endeavors.