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Adage’s Curious 48-Hour Dive into IPOs

The heavily diversified stock picker quickly bought stakes in at least three companies that went public this month.

   John Hancock Tower, Adage Capital Management, L.P.’s headquarters in Chicago, Illinois (Photo credit: Paul Brady/BigStock).Adage Capital Partners GP was an aggressive investor in companies that went public earlier this month.Within 48 hours the Boston-based hedge fund firm immediately grabbed sizable stakes in at least three companies issuing shares in initial

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