Allan Mecham's famed Arlington Value will be shutting down according to sources familiar with the matter. According to a letter he wrote to investors, Allan is stepping down and winding down the hedge fund over the next 6-9 months due to health issues. In light of reader interest we have pasted below a controversial profile we did of the fund several years ago (which can also be found here). We wish Allan all the best and a very speedy recovery.

Below is an excerpt from the latest letter to . . .