SandRidge Capital's Rowe says retiring, closing fund

NEW YORK Fri Jan 11, 2013 11:45am EST

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NEW YORK (Reuters) - Andrew Rowe, head of commodity hedge fund SandRidge Capital LP, is retiring and shutting down the fund after a year of positive returns, he said on Friday.

His fund, which has $320 million under management, returned 11 percent to its institutional clients last year, he said.

Most of the money will be returned to clients by the end of the first quarter.

"I'm going to sit back and hang out with my kids and play golf," he said. "Life is good."

(Reporting By Jeanine Prezioso; editing by John Wallace)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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