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TXU Bankruptcy Is a Boon to Some Hedge Funds

The Texas power giant’s filing was anticipated for some time, but it still spelled gains for hedge fund firms including Taconic, King Street and Brevan Howard.

       TXU power lines (Bloomberg)The late April bankruptcy filing by the Dallas-based power giant formerly known as TXU Energy is proving to be a highly profitable trade for a handful of credit and multistrategy hedge fund firms this year. Although the bankruptcy filing had been anticipated for some time, the actual filing

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