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Bailey McCann, Opalesque New York for New Managers:

Hedge fund Sender Company & Partners ended January on a high note. According to a letter to investors reviewed by Opalesque, the fund is up 16.63% net for the month. January's performance builds on a strong 2020 - Sender ended the year up 69.38% net.

Assets under management at the firm have climbed to over $300 million on a combination of performance gains and new subscriptions. The letter notes that the fund will soft close at $400 million in order to "remain nimble and maximize the short-term trading opportunities being presented in this volatile market."

Launched in 2016, Sender's directional long/short strategy takes advantage of volatility in the market across equities, futures, indices, commodities, and currencies. The strategy outperforms in environments with significant dispersion in pricing. The firm is led by Adam Sender, who was previously with Steve Cohen's SAC Capital Advisors before starting Exis Capital Management in 1998.

Sender made news last year for trading many of the names popular on Robinhood, the free trading app. Robinhood was, until recently, popular with noted retail trading forum WallStreetBets. Other retail trading apps including WeBull and SoFi have recently expanded the market for ultra low cost retail trading. In 2020, retail traders aided by these apps, caused run-ups in a handful of n......................

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