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Cutting out the middle man

Managers are pulling out the stops to reach pension fund investors, who are slated to put tens of billions of dollars directly into hedge funds this year.

   Illustration by Gracia Lam By Anastasia Donde When Citadel hired a new marketing chief known for his connections with institutional investors, the message was clear. Not only was Citadel intent on rebuilding its asset base, but it needed to court a new breed of investors who weren't going to like its

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