Soroban Capital Partners Closes Flagship Master Fund

Soroban Capital Partners co-founder Eric Mandelblatt announced in a letter to investors Monday that he returning $4.1 billion to investors and closing his Soroban Master Fund LP. The move, which cuts firm assets nearly in half, is a nod to the concept of portfolio concentration, as part of what the hedge fund terms cefore outlining “Soroban 2.0″ After almost an eight-year run, Mandelblatt is finalizing the process of closing the Master Fund and parting ways with Gaurav Kapadia, the firm’s co-founder, and co-managing partner. Earlier this year the Soroban Master Fund returned close to $1.5 billion of external capital to…