Top TMT firm Joho Capital and Scout Capital prepare to close

February 7th, 2014
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Two multi-billion hedge funds, Joho Capital ($5B) and Scout Capital Management ($6.7B), announced recently that they are closing down.

Joho Capital’s closing is especially surprising, as the firm reportedly gained 30% last year, returning 20% annually since its launch. According to the Wall Street Journal, Joho’s founder was worn out by his travel schedule. Joho Capital was a big investor in the TMT space, having claimed the #17 spot on the latest Top 50 Technology, Media and Telecom Hedge Funds list.

Scout Capital Management also reportedly had a strong 2013, with its largest fund returning 21%. Scout was founded by Adam Weiss and James Crichton in 1999.
For Detailed Investor Profiles on these Investors, click below:
Scout Capital Management*
Related People: Adam Weiss; James Crichton
Related Entities: Scout Capital Fund; Scout Capital Fund II; Scout Capital Partners; Scout Capital Partners II; Scout Family Partners
Related Article Tags: Investment Management, Fund Manager and General Financial News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

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