After more than 40 years as a noted stock-picker and market commentator, Oscar Schafer plans to close down his hedge fund in the next six months, investors told the good folks at the Wall St Journal.
The decision came as the fund, O.S.S. Capital Management, struggled to recoup steep losses from 2008. By the end of August 2011, the firm's assets under management had dwindled to about $500 million from a peak of almost $2.5 billion, according to investors….
Read more at http://online.wsj.com/article/SB10001424052970204621904577014260958367018.html?mod=WSJ_business_whatsNews
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