Ricky Sandler shuttering Eminence Capital after 27-year run

Ricky Sandler shuttering Eminence Capital after 27-year run

His fund has posted disappointing returns and the high costs of retaining talent and building out necessary infrastructure made continuing the firm too difficult, Sandler wrote.

Ricky Sandler’s Eminence Capital to Shut Down After 27 Years, Return Most Investor Cash by June

Eminence Capital will close and return $5.9 billion to investors after 27 years, founder Ricky Sandler told clients. The New York hedge fund suspended redemptions to manage the wind-down, citing disappointing returns, rising costs, and tougher competition. Sandler expects at least 75% of assets to be distributed by late June. The post Ricky Sandler’s Eminence Capital to Shut Down After 27 Years, Return Most Investor Cash by June appeared first o…