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Scott Ferguson’s Sachem Head Loses a Partner

Ernesto Cruz is leaving the activist firm to take a job at Singapore’s sovereign wealth fund.

One of Sachem Head Capital Management’s partners is leaving the firm. The activist hedge fund firm founded by Bill Ackman protégé Scott Ferguson told clients in a recent letter that Ernesto Cruz will become a portfolio manager for GIC Private Ltd., the sovereign wealth fund for Singapore. According to people who

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