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In the week ending October 19th 2018, the instincts of the hedge fund manager Edward S. Lampert, who was celebrated for his intellect, ambition and prodigious work ethic, proved wrong. He has spent the last 14 years steering Sears as it spun off businesses, took on debt and, this week, filed for bankruptcy protection. The famed investor Richard Rainwater, the billionaire Hollywood mogul David Geffen, and Michael Dell and Thomas J. Tisch were among the prominent backers who gave him start-up capital. A day after Sears Holdings Corp. filed for bankruptcy protection, the hedge-fund manager who bet his career on the retailer addressed nearly 1,000 employees gathered at its somber headquarters and told the crowd it was the second most difficult speech of his life.

BennBridge boutique Tellworth Investments launched a UK Smaller Companies fund for former Schroders duo Paul Marriage and John Warren; DECALIA launched a Merger Arbitrage fund with W Capital and Jupiter Asset Management launched the Jupiter US Equity Long Short fund, a sub-fund of the Jupiter Global Fund SICAV.

Among other new launches , Lyxor Asset Management has added to its Alternative Ucits platform with the launch of a global macro fund in partnership with Singapore-based hedge fund firm Dymon Asia; Blackrock has launched an absolute return fund that will invest in UK companies at an early stage of their life cycle and Mackenzie Investments partnered with Greenchip Financial to launch new Global Environmental Equity Fund.

Cordillera Investment Partners has ......................

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