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Bill Daley to join Switzerland-based hedge fund

Former White House Chief of Staff Bill Daley is set to join the Switzerland-based hedge fund Argentiere Capital, the Financial Times is reporting.

“The hedge fund industry continues to grow as a means by which investors can manage their risk,” Daley told the Times. “It is a sign of its maturity and the sophistication of investors that it is a growing piece of the financial system.”

Daley, the brother of former Mayor Richard Daley, will be based in Chicago, working to help lead Argentiere’s American expansion, the Times reported.

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