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Hedge Fund Tribeca Says Weak Bank Research Fueled Its 19% Gain
Australia’s second-best performing hedge fund is profiting from greater market swings during earnings seasons, saying investment bank research has failed to track the ups and downs of faster-evolving industries. Jun Bei Liu, a portfolio manager at Sydney-based Tribeca Alpha Plus Fund, said the gradual retreat of equity research coverage by banks and brokerages combined with increased automated trading has created ever greater difference between the market pricing and her own views, said Liu, whose Tribeca Alpha Plus Fund generated nearly 19% returns in a year. “The forecast dispersions have become huge in the ... (full story)