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Report: John Griffin to close Blue Ridge Capital hedge fund

Blue Ridge Capital LLC President and founder John Griffin determined to close the $6 billion hedge fund in the first quarter of 2018, Bloomberg News reported Dec. 15, citing a letter from Griffin.

The rise of quantitative and passive investing and persistently low interest rates have impacted the earnings of long-short managers such as Blue Ridge Capital.

Griffin intends to start "a new chapter," but did not elaborate on the plans, according to the report.