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Excess Cash Drives Hedge Funds To Feast On Distressed Cos.

By Maria Chutchian (June 27, 2014, 3:23 PM EDT) -- Hedge funds have always been in the business of buying distressed corporate debt, but the combination of new banking regulations, an overabundance of available capital and the increasingly high cost of Chapter 11 has recently caused an uptick in their prebankruptcy acquisition activity....

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