Archeus Throws In The Towel, Blames Service Provider
Oct 30 2006 | 7:02pm ET
New York-based Archeus Capital Management is the latest hedge fund to fall from glory and announce that it is shuttering its doors.
The firm, which once had $3 billion in assets under management and now handles approximately $700 million, plans to wind down at the end of the year, according to a letter sent to investors.
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