Energy-Focused Brenham Capital Fund To Shut Down Amid “Truly bizarre stock action”

Another hedge fund will be closing down. Brenham Capital Management founder John Labanowski informed investors of his plans to shutter the nearly $700 million fund in a letter this week. ValueWalk obtained a copy of the letter to investors announcing the closing. A “gut-wrenching” decision to close Brenham Capital Labanowski said he plans to liquidate the fund and return capital to investors at the end of this year. He describes the move as “gut-wrenching” but also “the right thing to do.” The Brenham Capital founder said the fund’s strategy is no longer working, so he’s not willing to keep risking…