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Multistrats bounce back

After redeeming in droves in ’08, investors are returning to these funds

By Neil O’Hara Investors are slowly but surely putting cash back into multistrategy funds, which grew wildly popular before the financial crisis but were hard-hit during the redemption run that followed. Multistrategy managers’ ability to shift money from one strategy to another to seize whatever opportunities arise—a valued capability in

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