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December 19, 2018  

Startups Rise Phoenix-Like From Funds' Ashes

A wave of hedge fund closures over the past year is giving rise to a new wave of fund launches.For now, fund-formation activity is light compared to the number of once-prominent managers that have called it quits since December 2017. A database of recently shuttered fund shops maintained by Hedge Fund Alert counts 23 firms including Blue Ridge Capital, Highfields Capital, Marble Arch Investments, Pennant Capital and Tourbillon Capital.Meanwhile,...

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