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On October 1st, 2007 Perella Weinberg announced its intent to purchase Xerion Capital Partners LLC, a hedge fund that manages about $400 million and has been among the top performers in 2007. The deal gives Perella's money-management business another strategy to offer to its clients and marks a new course for growth for the firm. 65.160.155.100 16:38, 2 October 2007 (UTC) reply