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Top Connecticut Hedge Funds Manage $174; Stamford Hedge Funds Continue To Gain Ground On Greenwich
The rankings for the Top Connecticut Hedge Funds have been released, revealing that the top 50 hedge funds oversee a combined $174 billion in equity assets. Overall, the hedge funds on the list saw their assets fall by $11.4 billion, or -6.1% Quarter-Over-Quarter. The top 5 funds on the list remained relatively intact, with one loss, as South Norwalk-based Discovery Capital Management claimed the 5th spot, dropping Bridgewater Associates out of the top 5. The top three ... Full investment news article
Executive Of Multi-Billion Dollar Hedge Fund Troubled By People Who Appear Motivated By Money
As some of you may have noticed, over the past couple of years, the hedge fund formerly known as SAC Capital has gone through an extreme makeover. The name was changed from founder Steven A. Cohen’s initials to Point72 Asset Management. Senior people who were around during the years in which employees took a more elastic view of securities laws have been replaced, from head of compliance Steven Kessler to president Tom Conheeney. Hallways around HQ now include “lending libraries.” ... Full investment news article