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June 12, 2019  

Pine River Alum Hangs Own Shingle

A former Pine River Capital portfolio manager has started a hedge fund firm.Working through his Dubai-based Permaneo Capital, Luca Toietta plans to follow a relative-value approach to trading liquid fixed-income products from major industrial nations. The operation is set to start trading in July with $15 million.Toietta joined Pine River in 2013 as co-manager of a fund that invested in liquid interest-rate products. He then moved to a portfolio...

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