With its assets dropping by half in the last month (and the bad press about losing $350 million of Harvard's money doesn't help) it looks as though most of the assets of hedge fund Sowood Capital will be bought by Citadel Investment Group. Sowood was founded by Jeffrey Larson, former endowment manager at Harvard. After the transition of its portfolio to Citadel, Sowood is expected to close its doors.

-- MDT

Labels: Citadel Investment Group, harvard law school, hedge fund, Jeffery Larson, Sowood Capital