Julius Baer aims to match early success in third fund in two years

Julius Baer's single-strategy hedge fund operation plans to launch its third fund later this year. It aims to match the $1.2bn (€991m) second fund, a macro offering, launched in 2002.

The success of the fund suggests that hedge funds sponsored by the Swiss bank are escaping the knock-on effects from turbulence at its long-only division, which has lost several senior executives.

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