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Former head of vast hedge fund tries a third act

For Mr Falcone, the goal is to make smart acquisitions and hit home runs with some of the smaller, earlier ventures.

New York

PHILIP Falcone, the brash hedge fund titan who once managed US$26 billion before stumbling and running afoul of regulators, is pressing ahead on a new comeback effort, his second.

His latest investment platform is a publicly traded company with US$800 million in assets...

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