Activist Hedge Fund Venetus Partners Said To Be Winding Down

Jun 16 2017 | 10:02am ET

Activist hedge fund Venetus Partners, founded just last year, is reportedly shutting down, according to a Reuters article citing an investor letter written by co-founder Nick Graziano. 

The Greenwich, CT-based fund was founded by Graziano, a former partner at Corvex Capital, and ex-Trian Partners executive Chad Fausser. It began trading last fall with initial backing from Constellation Seeding, focusing on minority positions in underperforming mid-sized North American companies and using activist strategies to to agitate for changes that generate or unlock shareholder value. 

The decision to close was unrelated to performance or the fund itself but rather for personal reasons, Graziano reportedly wrote in the letter. 

Information regarding when investor capital would be returned was not immediately available. 

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