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November 30, 2011 at 18:51
The hedge fund industry is braced for a new round of redemptions after two months of poor performance and growing investor desire to move money into cash. The world’s largest listed hedge-fund manager, Man Group PLC EMG.LN, stoked fears of another industry meltdown Wednesday when it reported a net $2.6 billion was pulled from its funds between June 30 and Sept.
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