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How Not To Run A Hedge Fund: Geoff Grant Edition

Forbes – Most amusing little snippet in FT’s Alphaville:

Grant Capital Partners is being shut down. This hedge-fund manager wind-down is brought to you by Geoff Grant, one of the same gentlemen behind Peloton Partners’ enormous fall.

Fun fact from the FT’s Sam Jones:

Grant Capital eschewed the asset-backed securities and heavy leverage that led to the downfall of Peloton and focused on highly liquid instruments such as currencies, bonds and interest rate derivatives.

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