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Nearly three-quarters of funds post losses in grisly month

August's turmoil pushed more than two-thirds of hedge funds into the red.

     August was a record-breaking month for hedge funds but not in any positive way. The market tumult that month led to losses across a broad swath of hedge fund strategies, knocking 70.45% of the funds in the AR database into negative territory. That is the third-highest proportion of losing

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