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A hedge fund has raised $100 million to make bets based on other hedge funds

A new hedge fund has raised over $100 million and plans to use troves of data from other managers to select its investments. Epsilon Asset Management plans to scrape decades of regulatory documents to analyze positions of other active managers and turn these into investment strategies for institutional clients, cofounder Faryan Amir-Ghassemi told Business Insider. “We want to use very large data sets to understand the behaviors of what active managers do and how that correlates to future performance,” he said.
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