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Ex-SAC Manager’s Suvretta Capital Plans New Fund

The long-short equity firm’s new offering, planned for next year, will have limited capacity, the firm tells clients in a letter.

A hedge fund firm founded by a former SAC Capital Advisors honcho is launching a new fund. Suvretta Capital, a New York firm headed by Aaron Cowen — a member of the so-called SAC Pack — told clients in its third-quarter letter that it plans to create a new long-only strategy

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