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April 03, 2019  

Macro Manager Calls It Quits

Princeton Alternative Capital is throwing in the towel.The Princeton, N.J., global-macro shop had struggled to gain traction with investors, and in the end had only about $30 million under management. The decision to unwind also reflected a 25% loss in December, a source said.Princeton Alternative’s lone vehicle, PACS Opportunity Fund, previously outpaced the HFRI Macro (Total) Index every year from 2014 to 2017. In marketing the entity,...

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