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Paul Lucek Benedicte Gravrand, Opalesque Geneva for New Managers:

State Street Global Advisors sold a majority stake in its hedge fund unit SSARIS Advisors to the unit's senior management at the end of 2014, and alternative fund manager Investcorp acquired its hedge fund of fund business unit a year later. But in 2016, SSARIS had to close its doors following heavy redemptions.

CIO Paul Lucek and CEO Mark Rosenberg, two veteran investors who had been at SSARIS for over ten years, then started receiving calls from former clients.

"When we wound down SSARIS and returned client capital, many clients said they were interested in continuing to work with us," Lucek explains to Opalesque. "The truth is our investment philosophy had been successful for them, and it would have been easier to wind down if we were under performing but we weren't. I began discussions with Peter Gorman and other former SSARIS individuals who wanted to resume our work and we f......................

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