Hedge Fund News From HedgeCo.Net

iM Global Buys Stake in U.S. Liquid Alternatives Firm

(Reuters) Investment firm iM Global Partner bought a stake in Dynamic Beta investments, a U.S. firm that tries to duplicate large hedge funds’ strategies but for far lower fees. Paris-based iM Global Partner, which provides distribution and regulatory support to boutique investment firms, now owns 45 percent of New York-based Dynamic Beta, which recently changed its name from Beachhead Capital, the two companies said on Thursday.

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