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Citigroup tries again to build a hedge fund business

For the third time, the big bank makes a push into hedge funds.

By Katrina Dean AllenAfter two expensive, messy and ultimately failed attempts at building a hedge fund business, Citi is trying again—with a new platform, a new name and a couple of former senior Morgan Stanley executives at the helm.The bank made its first big splash into hedge funds in 2004,

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