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Today is Monday, February 13, 2012 at 
- Countdown to Market Close:

Reuters – A team of hedge funds managers at Societe Generale is leaving to set up their own hedge fund with capital from the French bank, La Tribune reported on Tuesday.

The paper said the move was led by Arié Assayag, head of Sgam Alternative Investments at SocGen, who would take with him some 15 members of staff to create a new outfit called Premium Asset Management (PAM).

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