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The 2013 Hedge Fund 100

As large funds achieve greater heft, portfolio managers grapple with a critical question: Is more capital a boon or a bane?

At BTG Pactual’s first-ever investor day, in New York in late April, the discussion revolved around bold ideas about how to make money in a world that doesn’t make it easy. Portfolio managers of the Latin American hedge fund shop, part of Brazil’s dominant investment banking and asset management group

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