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Shumway, Glenview among funds whipsawed in July (Magazine Version)
"The fact is, everybody got smoked. Very few people escaped unscathed."
After producing sizable gains for investors in 2009, several equity-focused funds were hit hard in recent months. Fund managers were hammered twice by trends, first for holding long positions too far into May and June, when the Dow Jones Industrial Average fell 11.21%, and then for missing the Dow's 7.08% July
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