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King Street Capital Management may close its flagship hedge fund to new investments, it told investors. The New York-based firm has seen the fund’s assets swell over the past year, when it returned 20.1%. The fund now manages $19.2 billion, up from $15.8 billion last January. But the firm doesn’t want the fund to get much bigger. King Street hopes to keep the fund from exceeding $20 billion, Hedge Fund Alert reports.
