|Citing a desire to explore new career opportunities, Karsch Capital Management founder, Michael Karsch has told investors he will shut his firm’s doors by the end of this year. As reported by Reuters, Karsch will return most of the $1.8 billion in assets in September, holding on to just 5 percent until a final audit is completed in January. |
In his 13 year reign at Karsch Capital Management, the 45-year old, former Soros Fund Management trader, managed to double the return on the S&P 500 index over that period of time. His main fund has gained 6.1 percent thus far in 2013 versus 13 percent for the S&P 500 index. Michael Karsch has not been specific about his future plans.
|Hedge Fund Lists|
The firm has consistently been a member of HedgeTracker’s Top 200 U.S. Equity Hedge Fund List, having even been in the top 100 as recently as 2012. During the most recent quarter, Karsch Capital Management fell from the 160 to 185 spot on the top 200 List. HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top Hedge Fund lists in their entirety, please visit HedgeTracker’s Hedge Fund Ranking Portal.