Brynjolfsson's Armored Wolf to Shutter, Become Family Office
- Hedge fund is returning client capital, money manager says
- California firm currently has about $250 million in assets
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John Brynjolfsson, the chief investment officer of Armored Wolf, said he is closing the money management firm to outside investors and converting it into a family office that will oversee his own wealth, after its largest fund was hit by the slump in commodities.
“I’ve been doing this for a long time and I’m looking forward to a sabbatical,” Brynjolfsson said in an interview Monday. “The five-year bear market in commodities has made the decision easier for me.”