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Article: Grossman Global Macro Fund Tops $400 Million
- Article from:
- Daily News
- Article date:
- November 29, 2001
- Author:
CopyrightCopyright 2001 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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STAMFORD, Conn. (HedgeWorld.com) - Bolstered by strong
performance and investor inflows, the Grossman Global Macro Hedge
Fund Ltd. started November with approximately $414 million in
assets, up sharply from the $126 million the hedge fund had at the
end of 2000.
An official at Grossman Asset Management said the individual and
institutional inflows reflected the fund's strong showing while
traditional benchmarks have floundered.
In addition to the strong performance, the inflows might be
explained by the fact that the fund in March celebrated its third
anniversary. Individual and institutional investors often wait for a
fund to establish a three-year track record before making an
allocation.