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3G Capital Backs High-Performing Hedge Fund Led by Michael Ding
3G Capital has quietly backed a technology-focused hedge fund managed by Michael Ding, who has achieved impressive annualized returns of 22% since early 2020, with a 50% gain year-to-date. The fund, 3G Courser, specializes in small and mid-cap companies and leverages 3G's extensive network and research capabilities. With approximately $300 million in assets, it stands out among competitors, outperforming notable peers in the hedge fund space.
Employers Increasingly Offer 401k Matches for Student Loan Payments
By 2023, about 5% of large employers have adopted a 401(k) match for employees making student loan payments, a significant increase from 2% in 2022. This initiative, part of the Secure 2.0 package, aims to help workers balance debt repayment and retirement savings, with many more companies considering implementation by 2025. However, a majority of employers remain hesitant, citing existing benefits and concerns over fairness.
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