Richard Perry Returns to Hedge Funds After a Nine-Year Hiatus

Richard PerryPhotographer: Amanda Gordon/Bloomberg
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Richard Perry ran a hedge fund for almost three decades before closing it in 2016. Now he has decided it’s time for a comeback.

Perry, 70, recently became a partner at distressed credit specialist Olympus Peak Management, according to people familiar with the matter. A protégé, Todd Westhus, founded the firm in 2018.