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Ricky Sandler Gets Bearish

After posting a 22 percent gain in his Eminence fund through September, the portfolio manager has cut the fund's exposure to the equity markets.

The manager of one of this year’s top performing hedge funds is becoming increasingly bearish as the year progresses. Ricky Sandler, whose Eminence Fund gained 22 percent net of fees through the first three quarters of 2012, told clients in his most recent quarterly letter that his fund’s

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