|After 20 years of producing steady returns for investors, Jerry Weintraub is closing Weintraub Capital Management LP, to turn his attention to managing his own wealth as a family office. According to Bloomberg News, Jerry Weintraub based his decision not on any particular reason, but as part of an evolving process. |
The closing of Weintraub Capital Management LP comes during a record year of hedge fund liquidations spurred by several years of underperformance and heavy investor outflows. The $1 billion Weintraub Capital Management LP has generally performed well over its 20 years producing an average annual return in the low teens with only two years of negative returns.