03:23 PM EDT, 05/02/2025 (MT Newswires) -- Blackstone (BX)-backed hedge fund Antara Capital is preparing to shut as its founder, Himanshu Gulati, heads to another fund, Bloomberg reported Friday, citing people with knowledge of the matter.

The New York-based fund plans to liquidate its remaining investments, the report said.

Gulati is expected to join London-based Marshall Wace, Bloomberg reported previously.

Antara Capital didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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