Funds take off as investors return

Latest launches break through the $1bn barrier

Many aspiring hedge fund managers were wringing their hands in frustration a year ago when seeking large backers. This year, many are rubbing their hands with glee, after at least 10 new funds raised $150m (€101m) or more.

Two - Roc Capital Management and Lucidus Capital Partners - exceeded $1bn, according to investors, while Tyrus Capital, which launched in London last month, raised about $800m.

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U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump