Hedge Fund Alson Capital Closes Amid Redemptions

Amid massive redemptions, hedge fund Alson Capital is closing its doors. The $800 million fund performed poorly in a difficult market. The fund once manages as much as $3.5 billion. Alson Capital was founded 11 years ago by Neil Barsky, a former Wall Street Journal employee who went on to work with Morgan Stanely before creating his fund.

According to Barsky: “I likely will never again manage a hedge fund,” he wrote to investors. He did pronounce himself “young enough and energetic enough to purse new initiatives either in the fields of business, government or philanthropy.”