FrontPoint Hedge Fund Manager Quits

FrontPoint Partners hedge fund manager Steve Eisman is stepping down from his role, The Wall Street Journal reports. The move came after the hedge fund firm decided to shut down most of its portfolios, which included a fund supervised by Eisman, adds Business Insider.

At FrontPoint, Eisman was managing wagers on financial services companies and was handling about $1.3 billion. The firm is reducing its offerings, apart from the Quant Macro fund, FrontPoint Strategic Credit fund, the FrontPoint Rockbay fund and the Direct Lending fund.

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