Tybourne to Return External Capital in Long-Only Funds

Tybourne Capital Management is further retreating from the business of managing public market investments for clients, shortly after closing its US technology hedge fund.

Founder Eashwar Krishnan notified investors on Feb. 6 about the decision to return external money in his Tybourne Long Opportunities funds, according to a letter seen by Bloomberg News. The letter did not specify the reason behind the move and the amount of assets remaining in the funds. A March 2024 regulatory filing put the combined assets of the long-only funds at $1.3 billion.

It’s the latest pullback of an independent, Asia-based fund manager. A person ...