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Luxor Capital Proves to be a Good Value Play

The hedge fund has rebounded sharply from more than two years of losses.

If Luxor Capital were a stock, its hedge fund would have been a good value play last spring. After all, its event-driven fund, Luxor Capital Partners Offshore, just came off two straight years of losses — 9 percent in 2014 and 18.3 percent in 2015.

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