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Nishant Kumar reports that an ExodusPoint-backed hedge fund has launched a double-leveraged version of its macro strategy. The fund has raised $1 billion and is preparing to close to new cash inflows.
Many existing investors have shifted their capital into this higher-octane investment vehicle.
Kumar has previously reported that Balyasny added former Goldman partner Lederhandler to a top role as assets under management hit $36 billion earlier this year. In another move, Schonfeld Strategic Advisors planned to open a Switzerland office to expand its footprint in Europe. These developments come as hedge funds continue to seek new growth and talent.