Perella Weinberg to Close Xerion Hedge Fund

WSJ – A high-profile hedge-fund manager is throwing in the towel, the latest retreat in an industry that has struggled to navigate this year’s volatile markets.

Daniel Arbess, known for his public predictions on macroeconomic trends, said Friday that he is shutting down the $600 million Perella Weinberg Partners Xerion fund that he has managed since 2002.

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