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Around 60% of the shares were bought by hedge funds.
That led to buying by hedge funds hoping to profit on a possible restructuring.
Many of these alternative lenders are backed by hedge funds that demand high returns.
Currencies from South Korea to Thailand were brought down by hedge fund attacks in 1997-98.
Mr. Weinstein started it with $140 million — a pittance by hedge fund standards.
At the same time, activism by hedge funds to oppose takeover transactions is rising.
Technological demands, driven by hedge funds and algorithmic trading, mean that exchanges have high fixed costs.
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Worse, this was not a collapse being driven primarily by hedge-fund speculators.
The regulatory tightening there is being watched by hedge-fund managers in other countries too.
Ground-nesting skylarks and corn buntings are also destroyed by hedge-cutters driving along field margins.
In a period of low inflation, the fees charged by hedge-fund managers absorb a large proportion of nominal returns.
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