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Jeff Talpins’s Element Disbands Group of Non-Core Managers

(Bloomberg) Jeff Talpins’s hedge fund Element Capital Management is dismissing seven portfolio managers as it refocuses on its main macro strategy, according to people familiar with the matter. The managers were part of a program the New York-based firm started about five years ago that oversaw non-core parts of the portfolio, said the people, who asked not to be identified because the matter is private. The amount of money they oversaw was a small portion of Element’s $18 billion, the people said. A representative for the firm declined to comment.

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