Hedge Fund Paloma to Take in New Cash, Eyes Quant Trading

(Reuters) Paloma Partners, a $4-billion hedge fund that has spent much of the last three decades politely turning away would-be investors, is opening its doors, if only a crack to newcomers, three people familiar with the fund’s plans said.With fresh trading opportunities emerging as investors worry about global growth, interest rate moves and who will win the U.S. presidency, Paloma has signaled it will add teams and take in some new cash for them to work with, the people said.

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