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June 26, 2019  

MD Sass Revives Hedge Fund-Seeding Effort

Hedge fund backer M.D. Sass has inked its first seed-capital deal in more than a decade.The alternative-investment manager, led for nearly 50 years by Martin Sass, has provided an undisclosed amount of investment and operating capital to Cladrius Partners, presumably in exchange for a stake in the business. M.D. Sass has seeded more than 30 fund operators over the years, including hedge fund managers and commodity-trading advisors, but has been...

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