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Five Star Funds launches $400m hedge fund targeting Las Vegas wealthy

(Opalesque) Las Vegas-based asset management and advisory firm Five Star Funds has announced the formation of the Flamingo All Weather Fund, LP, the first hedge fund of its kind to be based in the City of Las Vegas. The area has enjoyed sustained periods of significant economic growth, transforming the city from a boom-and-bust town dependent on discretionary spending at casinos to a business-friendly metropolis fostering growth in diversifying sectors.

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