I caught a bit of Faber saying something about a hedge fund liquidating...anyone care to fill me in on what happened? Thanks
The following is a portion of a report aired Thursday on CNBC by reporter David Faber: You can count one less billion-dollar hedge fund on Wall Street. JLF Asset Management, a billion-dollar fund run by 34-year-old Jeff Feinberg, is closing down. Feinberg, an active trader, who has specialized in retail stocks, is a former protege of Jeffrey Vinik and also worked at Soros Asset Management, before launching his fund three and a half years ago. Feinberg tells me the decision to shutdown is a lifestyle choice; he simply wants to spend more time with his family.