News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Hedge fund tells Sackler billionaires it won’t manage their money

Move by Hildene Capital Management comes as legal and financial pressures increase on multibillion-dollar Sackler family

The billionaire family that controls OxyContin maker Purdue Pharma, already facing mounting legal and financial pressure, has been tossed out of a large hedge fund for its alleged role in fuelling the opioid crisis.

Investment entities of the Sackler family were told late last year by Hildene Capital Management that it was no longer comfortable managing their money. Hildene said last week that someone known by members of the firm had suffered an opioid tragedy.

WSJ Logo