Activist investor funds with a fraction of their big rivals' assets are posting strong returns.
Closure rates decline as investors add new money and performance improves.
The sale to a unit of a Chinese company is set to close at month’s end.
Bharat R. Ramamurti is senior counsel to Warren on banking and economic policy.
Trump's economic policies are seen as boosting macro strategy returns.
Its hedge fund firms have suffered from poor performance and declining assets.
Team-based hedge funds lost billions in cash, creating an uncertain future for a former high-flying strategy.
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