Last year, Louis Bacon shut his flagship Moore Capital hedge fund to external investors. David Tepper also turned his fund into a family office , although he said he planned to retain a few outside clients.
Leon Cooperman called "private equity" a scam and returned billions of client money to run his own family-focused firm. Shalini Nagarajan. John Paulson has quit the hedge fund world to focus on turning his business into a family office investment firm, according to Bloomberg. Visit Business Insider's homepage for more stories.
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