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In the week ending 23 December, 2016, Bridgewater Associates, the world’s largest and one of the most respected hedge fund management companies is reputedly developing a software to automate the day-to-day management of the firm to replace executives. David Ferrucci, a famous developer at IBM's Watson project will be applying data science principles to internally generated data from personality tests and employee polls for tasks which include hiring, firing and other strategic decision-making, basically trying to ‘bring Ray Dalio's brain into a computer.'

Former Citadel top executive Joseph Rotter has launched $209m hedge fund at Neuberger Berman; Azabu Value Partners (Cayman) launched the Azabu Value Master Fund, a Japan-focused fundamental equity long/short strategy; and Jeff Henriksen is launching a new value-oriented hedge fund early next year to be called Thorpe Abbotts Capital.

Blackstone Group is closing down its "big bet" hedge fund Senfina Advisors after mounting double-digit losses; and Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel.

The HFRX Global Hedge Fund Index gained +0.84% through mid-December (+2.42% YTD); The Lyxor Hedge Fund Index ......................

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