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Two Creeks Hedge Fund Launches With $1.5 Billion

WSJ – A former top executive at Ziff Brothers Investments launched a new hedge fund with $1.5 billion, marking one of the biggest startups for the industry in 2014.

Ryan Pedlow’s Two Creeks Capital Management LP raised $1.5 billion for its launch this summer, according to a marketing document sent to investors and a person familiar with the matter.

The New York firm’s hefty debut likely makes it one of the two largest hedge funds to start this year, according to investors and bankers.

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