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Mariner absorbs Concordia as hedge fund consolidation gathers pace

Concordia Advisors, which manages around $1 billion in relative value-oriented interest rate, credit and equity strategies, is to merge with $10 billion hedge fund Mariner Investment Group.

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Hedge fund consolidation continues

Mariner Investment Group is taking over the investment teams and operations of multi-strategy hedge fund Concordia Advisors.

Concordia manages around $1 billion in relative value-oriented strategies in the interest rate, credit and equity markets.

The company's 18 investment professionals, led by CEO Basil Williams, will join Mariner following the merger, with Williams becoming Mariner's deputy

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