2008-08-20ft.com

Andor Capital Management, a US hedge fund managing about $2bn in assets, is to close down and return money to investors...

People with knowledge of Andor’s performance said its stock fund has lost some money this year amid the market turbulence that has caused troubles for many hedge funds, but was by no means among the worst performers...

Investors in Andor will receive money back starting in October, according to the letter.



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