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Restoration project

After a disappointing 2009 & a run of redemptions, Pamela Lawrence & Ivona Smith are determined to bounce back.

By Irwin SpeizerPhotographs by Dorothy Hong When the call came from the investment office of Texas billionaire Edward Bass, Pamela Lawrence (right) was at once excited and concerned. Lawrence was scouting for investors to launch her new distressed-debt hedge fund, and the Bass organization, which was looking to seed just such a

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