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

|Includes: AAPL, Alphabet Inc. (GOOG), HPQ, ORCL, WMT

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

Sources have told HedgeTracker that a number of the members of Seasons Capital Management’s investment team are now looking for new positions and it is unclear how many analysts Kaza will continue to retain following its closure.

Disclosure: No positions