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Quant Hedge Fund Amplitude Is Returning Client Cash After Outflows

The Worlds Biggest Companies Settle In Zug

Photographer: Gianluca Colla/Bloomberg

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The shrinking hedge fund universe has claimed two more victims.

Quantitative hedge fund Amplitude Capital AG, bruised by two years of losses in one of its main money pools, is returning client money after investor withdrawals sparked a plunge in assets, while Manuel Blanco, who previously managed money for the likes of Highbridge Capital Management and Balyasny Asset Management, is shutting down his hedge fund Sator Square Capital Management after failing to raise enough money.