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Without A Buyer, PlusFunds Plans To Shut Down

By Catherine Fredenburgh (May 11, 2006, 12:00 AM EDT) -- Although bankrupt hedge fund manager PlusFunds Group Inc. had fielded two promising bids from private equity firm FTVentures and Bear Stearns Asset Management Inc. to purchase its assets just weeks earlier, it failed to secure a buyer and announced its plan to wind down its business....

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