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September 12, 2018  

Putnam Expanding Nascent Hedge Fund Unit

Putnam Investments plans to launch a second hedge fund after raising a tidy sum for its debut offering.The Boston firm, best known for its mutual funds, has tapped portfolio manager Daniel Schiff to craft a diversified long/short equity vehicle. The fund would launch in the next couple of months with about $50 million of proprietary capital. It could be 12-18 months before the offering becomes available to outside investors.The moves follow last...

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