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Connecticut Firm to Close

Jan 22, 2014
Jing Chen

Hedge fund firm QFS Asset Management is shutting down after more than 26 years in business.

Reuters reported that Connecticut-based QFS Asset will return nearly $1 billion to investors by the end of January, blaming difficult market conditions for the closure.

QFS is among a slew of hedge fund firms, including Seth Klarman's Baupost Group and Daniel Loeb's Third Point, that are giving money back to investors to keep its assets at a manageable level.

QFS managed $3.6 billion in assets at its peak, prior to the 2008 financial crisis.

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eVestment’s 2015 Hedge Fund Industry Outlook

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