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Hedge funds in trouble
- Sunday, May 15 - 2005 at 10:48
Poor investments by big hedge funds in London have caused unprecedented losses, record demands for money back and talk of a death spiral, reported The Sunday Times. GLG, a hedge fund started by former Goldman Sachs bankers, has had demands for more than $500m from investors wanting to pull out. This highlights the stress being felt at many hedge funds in Europe and America after four months of poor results.
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Peter J. CooperSunday, May 15 - 2005 at 10:48 UAE local time (GMT+4)
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