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Hound Slashes Market Exposure as Losses Steepen

The Tiger Seed, trying to snap a losing streak, has dialed down risk in its hedge fund portfolio.

This has been an especially rough year for many long-short managers. And this was before last week’s Brexit vote, which roiled the markets and no doubt badly damaged many funds already mired in the red for the year. As we have chronicled several times, not only are many funds losing money

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