Rough Spring for Ravi Kaza, Seasons Capital Management to close all three hedge funds

June 13th, 2010
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Due to the increased difficulties of today’s investing environment, Ravi Kaza’s Seasons Capital Management has decided to call it quits and is starting to return capital to its investors. According to a 2008 SEC filing, Mr. Kaza’s hedge fund firm once had more than $4 billion in assets under management. Seasons Capital’s most recent SEC filing revealed that the firm’s assets had fallen to just under $1.5 billion.

According to Absolute Return+Alpha, Ravi Kaza, who founded his San Francisco-based hedge fund firm in 2003 after a lengthy stint at Stanley Druckenmiller's Duquesne Capital Management, will continue to operate the firm as a family office following its closure.

Seasons Capital Management, which employs a long/short equity strategy that focused on technology, media and telecom stocks, recorded the following stocks as its top 5 holdings as of 3/31/10:

Apple Inc (AAPL) $86mm / 367,647 Shares
Oracle Corp (ORCL) $54mm / 2,115,117 Shares
Wal-Mart Stores Inc (WMT) $45mm / 826,599 Shares
Hewlett Packard Co (HPQ) $45mm / 860,002 Shares
Google Inc (GOOG) $38mm / 67,173 Shares

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For Detailed Investor Profiles on these Investors, click below:
Seasons Capital Management*
Duquesne Capital Management
Related People: Ashish Shah; Joshua Wyss;; Ravi Kaza; Scott Devinsky; Sean Cullinan*; Stanley Druckenmiller
Related Entities: Seasons Aggressive Fund; Seasons Capital; Seasons Leveraged Core Fund; Duquesne Capital; Duquesne Fund Managament; Seasons Aggressive Fund; Seasons Core Fund; Seasons Institutional Core Fund; Seasons Institutional Core Fund LP; Seasons Leveraged Core; Soros Fund Managament*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings


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