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December 19, 2018  

Pennant Alumni Start Trading

Two former Pennant Capital partners have launched their own fund.Working through their newly formed Crescent Rock Capital, Michael Marone and Boris Vuchic began trading a vehicle called Crescent Rock U.S. Fund on Oct. 1 with almost $30 million. The Summit, N.J., operation employs a generalist long/short equity strategy.At Pennant, Marone invested in energy and financial companies. Vuchic covered healthcare stocks. Both left this March, as the...

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