LOOSE CHANGE

LOOSE CHANGE

Three former arbitrage dealers from Salomon Smith Barney in London are launching a new hedge fund this month, trading under the name Beaver Creek Investment Management. The market neutral strategy will trade in FX, short-term interest rates, fixed income, equity and commodities indices, principally in the G7 markets. Unlike many other hedge funds, Beaver Creek may go long in any one of the four underlying asset classes, says Stephano. The fund has a target size of $25 million. Partners Nicholas

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