Galle Global Hedge Fund Closing After a Year as Withdrawals Shrink Assets

``Galle Global Macro Partners LLC, the hedge fund founded by Sri “Wije” Wijegoonaratna, a former Fortress Investment Group LLC executive, is shutting down about a year after it started. The firm, based in New York, plans to return most money to investors next month, Wijegoonaratna said in a letter to clients today. “With the past few months’ redemptions, our asset base has unfortunately become too unstable to support our original vision of a full-scale institutional macro business,” he said in the letter, a copy of which was obtained by Bloomberg News.''