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Today is Thursday, September 9, 2010 at
-
Countdown to Market Close:
Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday.
Under the deal, Iveagh will be a minority shareholder in 47 Degrees North and provide seed capital for new launches , which are set to include emerging managers and innovative hedge fund strategies , the hedge fund firm said in a statement. It did not give the size of the stake .
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Tags:
forbes ,
fortune ,
fund-of-hedge-funds ,
future fund ,
guinness family ,
hedge fund strategies ,
investment office ,
iveagh ,
minority-shareholder ,
new launches ,
seed capital ,
stake ,
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Tags: forbes , fortune , fund-of-hedge-funds , future fund , guinness family , hedge fund strategies , investment office , iveagh , minority-shareholder , new launches , seed capital , stake
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