Anchorage Capital to close $7.4 billion flagship hedge fund – WSJ

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– Hedge fund Anchorage Capital Group is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, the Wall Street Journal reported on Wednesday.

Anchorage didn’t give a date by which clients would receive all of their money back from the fund, according to the report.

The company said it would focus on its structured-credit and private-equity-style funds, WSJ reported.

(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

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