Complex sentence: The firm's flagship Sequoia Fund (SEQUX) has recorded one of the best long-term track records on Wall Street since its inception in 1970, and has been closed to new investors since 2013.
Split into simpler sentences: The firm's flagship Sequoia Fund (SEQUX) has recorded one of the best long-term track records on Wall Street since its inception in 1970. The Sequoia Fund has been closed to new investors since 2013.