May
07
Soroban Shuts $4 Billion Hedge Fund to Concentrate Portfolio
By-
Mandelblatt’s firm will oversee about $6 billion after shift
- Gaurav Kapadia, Soroban’s co-founder, leaves to run own money
Eric Mandelblatt, who co-founded Soroban Capital Partners eight years ago, is closing his oldest fund to focus on a more concentrated portfolio of stocks, cutting assets under management by almost half.
Mandelblatt also told investors in a letter Monday that Gaurav Kapadia, Soroban’s co-founder and co-managing partner, is leaving the firm to start his own family office, where he will invest in both public and private companies. Mandelblatt said he would invest with Kapadia if he decides to start his own hedge fund…
