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Stock impact report

UPDATE 1-Hedge fund Hoplite Capital plans to shut down - letter [Reuters]

IQVIA Holdings, Inc. (IQV) 
Last iqvia holdings, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.iqvia.com
Company Research Source: Reuters
Hedge fund Hoplite Capital plans to shut down - letter - Reuters 3 Min Read BOSTON (Reuters) - Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday. “I have decided to close the Hoplite managed funds and return third-party capital as soon as possible,” Lykouretzos said in the letter seen by Reuters. Hoplite has not “generated the returns necessary to maintain the capital duration required to successfully implement our stock picking strategy without distraction,” he added in the letter. The New York-based firm’s decision to shut down marks the latest in a string of hedge fund closures and illustrates how difficult it has become to run a profitable firm at a time investors have moved to cheaper passive stock funds. At the end of December, the 16-year-old Hoplite had roughly $1 billion in assets, according to a regulatory filing. Lykouretzos ranked among the indus Show less Read more
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