Apex Capital CIO Departs to Launch Hedge Fund

(Reuters) The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation.”While we understand that the current market timing of this restructuring may not appear ideal, it in no way impacted our decision to transition the business,” Apex founder and chief executive officer Sandy Colen wrote to investors Friday in a note seen by Reuters.

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