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Ups and downs for hedge funds

Two prominent macro funds have shut down after double-digit losses yet others have made double-digit gains for their investors.

CHALLENGING ENVIRONMENT: Many macro hedge fund managers were unable to stem losses because of violent moves in the market this year.

IT HAS been a bad stretch for hedge funds that make bold bets on big economic trends. Two prominent multibillion-dollar macro hedge funds have shut down in the last week after double-digit losses.

The Bain Capital Absolute Return Capital fund blamed a "challenging environment" for its...

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