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Hedge Funds Dividing into Haves and Have-Nots

Latest HFR study suggests the industry is not as robust as it looks, and size matters when it comes to capital flows.

After four consecutive years of underperformance, it seems the hedge fund industry is once again thriving. Or is it? On the face of it, things are looking up. Total assets for the hedge fund industry rose to a record $2.25 trillion in 2012, up from $2 trillion in 2011, according

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