Ziff Brothers Investments expected to close U.S. hedge fund: report

New York-based Ziff Brothers Investments plans to gradually shut down its U.S. hedge fund, the Wall Street Journal reported on Thursday. Other money could be shifted to Ziff Brothers Investments' internal hedge fund based in London, or to external hedge-fund managers. The closure of the U.S. fund is tied to the planned retirement of its head portfolio manager, Ian McKinnon, in 2015, the report said. The Ziff brothers, Dirk, Robert and Daniel, set up their family office in 1992, after the $1.4 billion sale by their father, William Ziff Jr., of his Ziff-Davis publishing empire.



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