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‘World’s cheapest hedge fund’ closes after five years
A London hedge fund that sought to reshape the image of what it takes to manage money in the $3tn industry from the spare room of a Wimbledon townhouse, is closing after five years. Former commodities traders Irene Perdomo and Leonardo Marroni launched Devet Capital with $29m in mid-2014 and saw assets rise to more than $100m four years later. Both have now joined Gresham Investment Management as managing directors in GreshamQuant, the $6bn asset manager’s systematic research division, according to Marroni. –– ADVERTISEMENT –– Perdomo, a former winner of the Elite Model Look modelling contest who later ... (full story)
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- Dec 4, 2019 4:29pm Dec 4, 2019 4:29pm
- auricforecas
- Joined Sep 2017 | Status: Still a total mystery | 246 Comments
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- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.