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BlackRock: One lifeline for hedge funds

Long gone are the days of institutions trumping one another to swallow up hedge funds.

By Corey Goldman BlackRock is having a busy year, but that's not necessarily good news for the hedge fund industry. Never mind that the super-size publicly traded asset management firm has been fleshing out the details of its $13.5 billion acquisition of Barclays Global Investors, announced in June. Behind the scenes,

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