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Convexity Closes to New Money Amid Disappointing Performance

The firm, whose main hedge fund has lagged its self-imposed benchmarks for a year, has endured investor withdrawals after posting mediocre numbers.

Convexity Capital Management, the secretive Boston-based hedge fund firm co-founded by Jack Meyer, expressed frustration to clients over what it describes as subpar performance and said it is closing to new investments until its performance improves. The firm’s main fund lagged its benchmarks by 132 basis points, or 1.32 percentage

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