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The mating game

Private equity firms don’t have the best track record when it comes to acquiring hedge funds. But that hasn’t stopped them from trying again

By Britt Erica Tunick Illustration by Graham Roumieu New York hedge fund firm Claren Road Asset Management has attracted numerous suitors in its relatively short life. The $4.7 billion long/short credit firm reportedly got started with a $250 million seed investment from Citigroup in 2005. Then Goldman Sachs’ Petershill Fund,

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