Glade Brook’s Hedge Funds Shrink Despite Gains

A strategy shift sent some investors packing, but the new look is boosting hedge fund performance.

Call it Glade Brook Capital Partners’ incredible shrinking hedge fund business.

The New York firm founded by Paul Hudson reported in its second-quarter letter to clients that it now manages just $1 billion. This is down from $1.3 billion the firm managed the previous quarter and $1.439

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