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Convertible Hedge Associates
Convertible
Hedge
Associates
was an early
alternative investment management company
founded
by
Edward
O.
Thorp
and a
partner
, Jay
Regan
, in
November 1969
. Based in
Long Beach
,
CHA
was said by Thorp to have been the first
market-neutral
hedge fund
. In
1974
it was
renamed
as
Princeton/Newport Partners
.