Hedge fund firm Longacre Fund Management is shutting down its main funds, The Wall Street Journal reports. The move follows investors withdrawing money from the funds. The company had $835 million in assets as of February. Established 13 years ago, the firm is being managed by former Bear Stearns traders John Brecker, Vladimir Jelisavcic and Steven Weissman. In June 2008, Goldman Sachs Group’s Petershill Fund Offshore acquired a minority interest in Longacre.
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