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Auerbach’s Hound Partners Ratchets Up Market Exposure

The Tiger affiliate is getting more bullish, having increased its exposure to stocks in April and maintained those levels in May.

Jonathan Auerbach, a descendant of Julian Robertson Jr.’s Tiger Management Corp. network, has become more bullish in the past two months — at least by his standards. The founder of New York–based Hound Partners, which has posted a gain of 2.3 percent this year despite getting mauled in March, has lifted

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