Hedge fund Latimer Light says it is shutting down [Reuters (UK)]
PTC Inc. (PTC)
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Source: Reuters
Hedge fund Latimer Light says it is shutting down | Reuters 3 Min Read BOSTON (Reuters) - Hedge fund Latimer Light Capital, which specialized in picking stocks, is closing its doors, becoming the latest casualty in an industry pummeled by the recent stock market sell-off. New York-based Latimer Light told investors it plans to shut down in a letter it emailed on Friday, according to people familiar with the matter. A spokesperson for the firm declined to comment. The firm was founded three years ago by Scott Phillips, who spent nearly a decade working for Stephen Mandel’s Lone Pine Capital, one of the industry’s most respected hedge funds. Now Phillips joins a growing list of managers in the $3 trillion industry to call it quits as tumbling markets are prompting ever more hedge fund clients to ask for their money back. In the last months Highfields Capital and Tourbillon Capital announced plans to shut down. Latimer Light had been operating for three years and at the end of last year,
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PTC
Earnings
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PTC
Sec Filings
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- 3/19/24 - Form 4
- 3/7/24 - Form SC
- PTC's page on the SEC website