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The fund lost nearly half its value.
The fund lost $280 million.
In 2008, the firm's flagship fund lost about 50 percent.
The state's pension fund lost $300 million on WorldCom stock.
The average stock fund lost money during both years.
For the year, the average tech fund lost 32.09 percent.
The average equity fund lost 3.9percentt for the year.
The average real estate fund lost 6.6percentt.
The Class A shares of Goldman's BRIC fund lost 0.73 percent, annualized, over the same period, and those of the Templeton fund lost 0.67 percent, Morningstar said.
The average hedge fund lost 18% during 2008, according to Hedge Fund Research, an analysis firm.
Raptor was spun out of Tudor Investments in late 2008, after the fund lost 20 percent.
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