Diamond Peak Capital has added its own internal exchange-traded fund (ETF) as a sub-manager to its multi-manager vehicle, HFMWeek reports. The Nevada-based hedge fund manager has eliminated the other outside sub-advisors of the Diamond Peak Traders, with the exception of one.
The fund was launched in October 2007 and had up to 20 sub-advisors. At present, the only sub-advisor, other than Diamond Peak, is a long/short equity manager, which implements short-term, value-oriented swing trading.
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