One of the Largest Hedge Fund Launches of the Year is Closing its Doors to New Money

(The Business Insider) One of the largest hedge fund launches of the year is closing its doors to new money. Holocene Advisors, a New York-based firm that launched in April, is closing to new capital, including from existing investors, on July 1, people familiar with the matter said.The firm is expected to manage around $2 billion, up from the $1.5 billion that it launched with three months ago.

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