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May 15, 2019  

Perella Casting Off Public-Market Operations

9SEE CORRECTION BELOW) Perella Weinberg Partners Capital, which recently separated from investment bank Perella Weinberg, is unloading its hedge fund business.The $14 billion alternative-investment manager is selling or spinning off three fund-management units that together run more than $2 billion. The transactions affect about 30 investment professionals.Perella Weinberg spun off its asset-management business on Feb. 28, in part to clear the...

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