The following is a portion of a report aired Thursday on CNBC by reporter
David Faber:
You can count one less billion-dollar hedge fund on Wall Street. JLF Asset
Management, a billion-dollar fund run by 34-year-old Jeff Feinberg, is closing
down. Feinberg, an active trader, who has specialized in retail stocks, is a
former protege of Jeffrey Vinik and also worked at Soros Asset Management,
before launching his fund three and a half years ago. Feinberg tells me the
decision to shutdown is a lifestyle choice; he simply wants to spend more time
with his family.
