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Article: New kid on the block: hedge funds, once considered high risk, go mainstream.(Focus: banking and finance)
- Article from:
- Westchester County Business Journal
- Article date:
- April 19, 2004
- Author:
CopyrightCOPYRIGHT 2004 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fueled by increased investments from public and private pension funds as well as continued support by wealthy investors, the hedge fund market is expected to reach new highs this year, according in several Westchester-based hedge fund experts. "It's continuing to accelerate into the first quarter. We think it will hit about $800 billion, perhaps over $900 billion by the end of the year," said Robert Schulman, co-chief executive officer of Tremont Capital Management Inc., a Rye-based asset management firm with offices in London, Toronto and Bermuda that specializes in hedge funds. It oversees more than $10 billion in assets and its clients include pension plans, university ...