Another portfolio manager has left struggling hedge fund Folger Hill

pulse

February 13, 2017 11:15 PM

Mitul Shah is at least the second portfolio manager to leave the struggling hedge fund firm in recent weeks.

person on stairs

Mitul Shah, a portfolio manager at Sol Kumin's Folger Hill, has left the hedge fund firm.

Shah worked at Folger Hill Asset Management for about two years starting in February 2015, according to a LinkedIn page. He left last week, according to people familiar with the matter.

Shah has since moved to Holocene Advisors, according to his Bloomberg terminal profile.

Shah is at least the second portfolio manager to recently leave Folger Hill. Jennifer Pollak previously left for Ken Griffin's Citadel, Business Insider reported.

has faced concerns over investor redemptions and performance. Its flagship fund fell 17.5% in 2016, according to investor documents reviewed by Business Insider.

A media rep for Folger Hill didn't immediately comment and a spokesperson for Holocene couldn't immediately be reached.

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