Legendary hedge fund manager Jim Pallotta is returning to the industry with the launch of the Raptor Evolution Fund. The new hedge fund management firm has reportedly raised approximately $200 million and will employ the same long/short equity strategy that established Pallotta during his impressive run at Paul Tudor Jones’ Tudor Investment Corporation. According to theNew York Times, Mr. Pallotta achieved returns that averaged over 19% annually over his 15 year tenure at Tudor.
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