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This Is a Rough Year for Last Year’s Top Earners

Six of the 25 people who made the Rich List head up at least one fund that was in the red through May.

        Let’s face it: Most of the top-performing hedge fund managers this year are long-short managers with a strong emphasis on those so-called FANG stocks (Facebook, Amazon, Netflix, and Alphabet), or similar internet and media companies. Sure, there are a number of managers outperforming the market, even though they have mostly

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