February 28, 2018 / 10:36 PM / in 3 months

LJM Partners says it will shut down after losses -letter

NEW YORK, Feb 28 (Reuters) - Investment manager LJM Partners Ltd on Wednesday said it plans to shut down by the end of April following losses during the market’s recent bout of volatility, according to a letter sent to investors.

LJM will not resume trading and will return all remaining funds to investors, according to the letter reviewed by Reuters. (Reporting by Trevor Hunnicutt; Editing by Lisa Shumaker)

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