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'The Big Short' hero said to launch new fund

The Big Short Book Cover

The hedge-fund firm run by Greg Lippmann, a mortgage trader whose bets against the U.S. housing market were depicted in Michael Lewis’s 'The Big Short', plans to launch a new fund early next year, according to a person with knowledge of the matter.

Hedge funds see surge in closures

Hedge Fund

Hedge fund closures surged in the three months to the end of September as money managers reeled from declines in commodity and equity markets, while high-yield credit spreads widened.

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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.