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Refco Unit Warns Sphinx Investors Of Losses

By Rachel Kravetz (July 6, 2006, 12:00 AM EDT) -- A Refco Inc. unit has alerted investors in four Sphinx funds it operates that they will likely win back no more than 20 cents of every dollar they put into the funds after a $263 million settlement with Refco's creditors sapped finances at Sphinx Managed Futures Fund....

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