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Element Is Raising $3 Billion as Hedge Fund Returns 21%

(Bloomberg) As Jeffrey Talpins crushes it this year, investors can’t get enough, pouring $3 billion into his hedge fund in the past month.

Element Capital Management gained 20.5 percent this year through July, according to a person familiar with the matter. The now $17.5 billion firm opened its doors to capital from July 1 to Aug. 1, raising the money primarily from existing clients, the person said. Last year, Element attracted $2 billion after it briefly allowed new investments.

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