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BNY Mellon Investment Management to Close EACM Advisors
BNY Mellon Investment Management has announced its intention to wind down EACM Advisors, its multi-manager and fund of hedge funds investment manager, as a standalone business. EACM managed $3.9bn1 in a combination of long-only and fund of hedge funds strategies. EACM's fund of hedge funds strategies ($2.1bn2) will be closed…
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