Hedge-Fund Pool Supporting Puerto Rico Legislation Adds 14 Firms
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A group of hedge funds that formed this month in support of new legislation in Puerto Rico has added 14 members, according to a spokesman for the coalition.
The pool, now with 18 members, has more than $240 billion combined under management, Russ Grote, a Washington-based spokesman at Hamilton Place Strategies, said in an interview. The companies hold about $4.2 billion of Puerto Rico securities, Grote said. He declined to name the new members.