The hedge fund, led by O. Andreas Halvorsen, a protégé of the famed hedge fund manager Julian Robertson, notified investors on Monday
that the firm’s chief investment officer, Daniel Sundheim, was leaving and that the firm would begin returning some $8 billion to investors, a Viking officer said.
Viking Hedge Fund to Return $8 Billion to Investors -
By MATTHEW GOLDSTEINJUNE 12, 2017
Viking Global Investors, one of the larger hedge funds, is losing a top money manager and getting smaller in the process.
In the letter, the firm added that the decision to return $8 billion reflects a chance to “reset to a smaller size.”
Still, Viking will remain one of the hedge fund industry’s largest firms — managing about
$24 billion after it returns that money, a process that should begin in August.
