"I've been an active participant in the hedge fund world since starting Convertible Hedge Associates in 1969 (we changed the name to Princeton Newport Partners in 1974). At that time there were only a couple hundred hedge funds, and ours was (1) the first market neutral fund, (2) the first quantitative fund, (3) the first derivatives hedging fund."
(Source: Wilmott Magazine, 2007 // http://www.wilmott.com/)
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