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Big hedge cash pay ‘silly’ money, claims founder of Europe’s greatest supervisor on facebook (opens in a different window)
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Sir Paul Marshall, co-founding father of Marshall Wace, advised an financial commitment meeting in Hong Kong on Wednesday the dominance of multi-manager platforms experienced reshaped the industry given that they were “spending extraordinary amounts of funds to target persons”.
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The Competitiveness for talent has forced traditional hedge fund gamers for example Marshall’s agency to adapt. Its flagship Eureka hedge fund this yr added a “payment surcharge” value approximately 0.
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A: Petty cash: Petty cash fund is established to pay for tiny costs like office provides, postage and so on.…