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Tiger Seed Hound Partners Closes Long Funds to New Investment

Jonathan Auerbach has told clients he won’t open the sought-after funds until at least 2017, barring exceptional opportunities.

Jonathan Auerbach’s Hound Partners is closing its long-only funds to new money just 18 months after their launch. In the New York-based firm’s July 17 letter to clients, obtained by Alpha, Auerbach says he has reached his capital goal and therefore “won’t be taking any material amount of additional capital until

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