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In the week-ending 12 October 2012, it was reported that Hong Kong-based Ardon Maroon Fund Management, which is run by former Wall Street bank executives, had launched an Asia-focused hedge fund with seed capital from a European family office; Peter Muller, founder of the proprietary trading group at Morgan Stanley, raised more than $500m from Blackstone Group for his stand-alone hedge fund; and Warren Ashenmil has reportedly left Tricadia Capital to start his own hedge fund called Jerica Capital. Octavian Advisors, a $1bn hedge fund firm specializing in distressed investments, said it was shutting down following double-digits losses; the firm will start returning money to investors at the end of the year. The HFRI Fund Weighted Composite Index was up1.1% in S...................... To view our full article Click here |





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