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Activist Hedge Fund LionEye Capital Implodes

Activist investor and hedge fund LionEye Capital, which runs ~$2 billion, is shutting down. Thanks to Famous Dave's (DAVE), Men's Warehouse (MW), Yahoo (YHOO), GNC Holdings (GNC) and other top holdings.

The fund was down 19 percent through November and was facing heavy redemptions. The fund is in its sixth year with a 7.2 percent average annual return.