Complex sentence: Princeton/Newport Partners was an early alternative investment management company founding by pioneering mathematical financier Edward O. Thorp in late 1974, assuming the instruments of an earlier venture, Convertible Hedge Associates.
Split into simpler sentences: Princeton/Newport Partners was an early alternative investment management company founded by pioneering mathematical financier Edward O. Thorp in late 1974. The company was developed by assuming the instruments of an earlier venture, Convertible Hedge Associates.