Tiger Management, which has owned as much as 24% of US Airways' stock, confirmed yesterday it will shut down all six of its hedge funds after its value fell sharply over the past two years. While Tiger already liquidated a majority of the funds' portfolios, it plans to retain its shares of the funds' larger holdings, including US Airways, and sell them off at a slower pace. The airline's shares closed down 7/8 yesterday at 24 9/16.
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