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Former Citadel PMs attract hedge fund seeding capital
The influx underscores how hedge fund seeding programs are increasingly shaping where new capital goes within the multi-manager industry.
Former portfolio managers associated with Citadel are emerging as preferred picks for hedge fund seeding, as major multi-manager firms increase allocations to managers through external investment programs, according to a report cited by Hedgeweek.
The coverage points to the role of hedge fund seeding capital as a growing driver of new or expanding strategies, with large multi-manager investors using these programs to back outside managers.