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Valiant Capital Founder and Hopeful NBA Owner Christopher Hansen Posts Losing First Quarter

The fund manager, best known for teaming with Steve Ballmer in a bid to buy the Sacramento Kings and move them to Seattle, has now posted two back-to-back losing quarters.

The hedge fund manager who has teamed up with Microsoft Corp. CEO Steven Ballmer to buy the Sacramento Kings basketball team and move it to Seattle accomplished something most other stock pickers didn’t in the first quarter: He lost money on his long positions during a booming bull market in

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