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Hedge fund Oceanwood raises $2 billion, to close to new investors – source

Reuters – Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion recently, a source with direct knowledge of the matter said.

Oceanwood, a multi-strategy hedge fund spinout from Tudor Group, started the year at $1.28 billion and raised money this year from clients including a $50 million investment from School Employees Retirement System of Ohio (SERS).

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