Another one bites the dust – Neil Chriss of Hutchin Hill is shutting down his hedge fund, according to a November 30th letter to investors obtained ValueWalk. The famed macro hedge fund which bet against JPMorgan in the London Whale saga, blamed the closure on poor areturns. While Chriss says he is proud of his employees he admits that the hedge fund did not deliver. Surprisingly and admirably, Chriss did not try to blame others like the Fed or BOJ for the low returns over the past three years. Specifically, Chris states:
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