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New York hedge fund reveals stake in Spencer’s NEX Group

News comes as the market waits to see whether CME Group will bid for the financial trading and technology provider

New York hedge fund reveals stake in Spencer’s NEX Group

The hedge fund York Capital Management has revealed a stake in Michael Spencer's NEX Group, as the market waits to see whether CME Group will bid for the financial trading and technology provider.

The New York-based hedge fund, founded in 1991 by former investment banker Jamie Dinan, has taken a 3.39% holding in NEX, according to a notification to the London Stock Exchange on Tuesday.

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