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IPFS News Link • Economy - Economics USA

Third of Hedge Funds Face ‘Wipe Out’

12-15-2008 • Bloomerg.com

“The failure rate is going to go up, the closure rate is going up, and the merger rate is going up,” IGS Chief Executive Officer John Godden said in an interview in London. “It’s going to be a 30 percent wipe out.”

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Third of Hedge Funds Face ‘Wipe Out’

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