I agree. The performance was very ordinary and it was not really...

I agree. The performance was very ordinary and it was not really a very differentiated product. Furthermore, macro hedge funds in general have really struggled the last few years (look at MST capital). They are unlikely to be able to raise any money in it for the next few years and it is probably costing them money overall. Finally, they are probably getting redemptions anyway. The right management decision to wind it down.