Weiss Multi-Strategy Hedge Fund to Shut Down After 46 Years

Weiss Multi-Strategy Advisers LLC, a New York-based investment management firm started in 1978, is winding down its operations. “Every journey has twists and turns, and after careful consideration of various factors and circumstances, I have arrived at the difficult decision to conclude this journey,” George Weiss, the firm’s founder and chief executive, wrote in a letter to clients and partners…