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Credit Crunch Felled Record Number Of Hedge Funds

By Evan Weinberger (March 18, 2009, 12:00 AM EDT) -- The hedge fund industry has suffered a severe beating at the hands of the global financial meltdown and Bernard L. Madoff, with nearly 15 percent of all hedge funds shutting down in 2008 and 775 funds liquidating in the fourth quarter of the year alone, an industry research group reported Wednesday....

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