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Posted on: April 11, 2018, 10:51 a.m.
BOSTON (Reuters) - Folger Hill Asset Management, a hedge fund run by former SAC Capital Advisors LP executive Sol Kumin, will merge with Schonfeld Strategic Advisors after a period of sluggish returns. “It became clear that the best path forward for the Folger Hill team was to combine forces,” Kumin wrote in a letter to investors dated April 10 and seen by Reuters on Wednesday. Schonfeld has been a key investor in Folger Hill’s Asia fund and the move will ... Full investment news articleRelevent to this post: Michigan State University Office of Investments University of Nebraska Foundation,