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Another hedge fund bites the dust

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There goes another hedge fund: it's been reported that Nevsky Capital is planning to close its $1.5bn flagship fund - with the fund's founders saying the market environment "is increasingly incompatible" with their investment process.

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People News: C Suisse, Deutsche Bank

Credit Suisse is pushing into Wall Street’s battle for tech-savvy quant analysts, hiring former Acadian Asset Management executive Matthew Rothman to create a global team helping big investors sort oceans of data to make stock picks.