EXCLUSIVE: KG Funds Shuts Down After 13 Years Of OutperformanceRupert Hargreaves
After 13 years at the head of KG Funds, the firm's founder, Ike Kier, has decided to step down and return outside capital to investors. The firm manages around $613 million of assets across its funds and client accounts.
According to a copy of the firm's latest investor update, Kier has decided to step down after 13 years running the fund and outperforming the S&P 500 since inception.
At 69 years of age, the fund manager says he no longer has the "desire to continue working with the same intensity" as he has in the past . . .
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