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One in three hedge fund employees admitted to having “personally observed” rule-breaking at work, a survey conducted by U.S. law firm Labaton Sucharow revealed, raising serious concerns about fraud in the industry, said The Telegraph, and 35% reported “feeling pressured by their compensation or bonus plan to violate the law or engage in unethical conduct”.

In the week ending 5 April 2013, Natixis Global A.M. launched the Aurora Horizons Fund, a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers; Agcapita Partners launched the Agcapita Farmland Fund IV; Lyxor A.M. and alternative asset manager Canyon partnered to launch a UCITS-compliant credit strategy fund; Sprott A.M. started its first global macro multimanager fund; Maverick Capital's Michael Pausic said he would be starting his own hedge fund; Deer Park Road, a distressed real estate and asset-backed fixed-income manager, said it would launch its latest fund, the Burgess Creek Fund in June; and Snehal Amin, the number two at Theleme Partners has reportedly left to set up his own investment firm.

Henri Capital Partners, a London-based hedge fund firm founded by two former Winton Capital analysts, closed down as it failed to raise money.

The Opalesque A SQUARE Index declined 0.52% in February (+0.48% YTD); The Credit Suisse LAB Index was up 1.22% in March (+2.17% YTD); The HFRX Global Hedge Fund Index returned 0.72% (+3.13% YTD): The HFRU Hedge Fund Composite Index posted a gain ......................

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