This post was originally published on this site
As of Wednesday, the hedge fund plans to liquidate its 400 million reais ($75 million) under management and refund clients by October 13th. This development marks a significant shift from the previous year when the firm was thriving with a 20% gain.
Melzer’s decision to shutter Upon Global Capital follows his contentious departure from Morgan Stanley. His exit from the global financial services firm had been disputed, adding to the challenges faced by his own venture in Brazil.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
