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AI market round-up: RAB buys Northwest

RAB's recent acquisition is second in two years.

RAB Capital, a $4.2 billion hedge fund group, has bought hedge fund group Northwest Investment Management for £20.55 million ($38.54 milllion). Northwest runs four Asia-focused market-neutral trading strategies with $500 million in assets under management. The acquisition is RAB’s second in as many years. Last year the firm acquired Cross Asset Management, the $230 million European event-driven hedge funds firm.

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