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CURRENT Firm/Fund Launches & Allocations

Eminence Capital launches fund with $475m

Eminence Fund II trades same l/s equity strategy as $7bn firm's other vehicles.

Hedge Fund Slammed by Oil Looks to Take Riskier Bets

Pierre Andurand, a prominent oil hedge-fund manager who lost big during last year’s price slump, is launching a new fund that takes on more risk as a way to benefit from crude’s recovery.

Mr. Andurand, one of the last oil hedge-fund managers standing, has recovered somewhat this year after recording his first-ever annual loss in 2018. Brent crude, the international price gauge, has rallied more than 30% this year on production cuts by major suppliers. That sharp recovery followed a dramatic slump late last year, which pushed...

Cathay Life pulls $70m from hedge funds

The Taiwanese insurer redeems from four funds in recent months...

FedEx pension puts $1bn into hedge funds

BlackRock, Canyon Capital, Glen Point among 2018 additions to $22bn corporate allocator's portfolio...