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Hedge fund closures have outpaced launches over three years
Stephan Michel and Andrew Lennox join £33bn asset manager
Where the growth is
eVestment data
Large rotation of assets
Donates proceeds to charity
Chair of FCA cost disclosure working group
Closures fell from 259 in Q1 to 222
$20bn to $30bn 'bespoke tranches' issued in 2017
Industry floods out of consumer discretionary sector
