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Article: Moonlighting appeals to hedge fund managers; Some are running separates or mutual funds.(News)
- Article from:
- Investment News
- Article date:
- September 6, 2004
CopyrightCOPYRIGHT 2004 Crain 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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Byline: Jeff Benjamin
DETROIT - In the high-stakes world of hedge fund management, some managers have discovered the advantages of moonlighting as a separate-account or mutual fund manager.
While the fees earned for managing more traditional investment vehicles don't compare to what can be made on a hedge fund, the list of reasons for "slumming it'' is long, and tough for some managers to ignore.
Paul Glazer, who manages a $65 million hedge fund through Glazer Capital LLC in New York, said he started managing money for investors in a separate-account format a few years ago because it is the only way some investors would give him money.
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