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A month that hedge funds would sooner forget
The sudden and rapid selloff across global markets that began late last week caught many off guard
Published Tue, Aug 25, 2015 · 09:50 PM
New York
FROM his getaway cabin deep in the woods, an experienced adviser to wealthy hedge fund investors was hopping from one conference call to another to manage clients' mounting anxiety.
Similarly, a broker described how he had interrupted his vacation to respond to the needs of his nervous clients. And a multi-billion-dollar hedge fund said that numerous investors had requested play-by-play commentary and performance figures.
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