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In the week ending 12 June, 2015, reports claimed that Asia is fast becoming a "sweet spot" for U.S. investors, as U.S. stocks are expected to lose some steam; Japan's trillion dollar pension fund expects the yen to remain weak against the dollar; Chinese hedge funds rise and grabbed spectacular returns with a strong market rally; and South Korean fund managers are scouring Canadian prisons to pipelines in Mexico to get better returns.

Andrew Axelrod is launching his own hedge fund with backing from billionaires Louis Moore Bacon and Julian Robertson; Investcorp Bank BSC said it plans to rebuild its hedge fund unit and push its real estate business in Europe; Trium Capital has launched and seeded a new multi-strategy hedge fund this month; and Marquart Capital Management will launch its first product on July 1, 2015.

Michael Platt and Meredith Whitney have agreed to settle their hedge fund dispute. Still, Meredith Whitney said she was closing her hedge fund Kenbelle Capital, adding she is "done" with hedge funds.

The HFRI Fund Weighted Composite Index advanced 0.7% in May, bringing YTD gains to +3.9%; The Lyxor Hedge Fund Index ended the week d......................

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