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A Big Bank’s Smell Test

In early November, Bank of America Corp. hosted a seminar in New York for rich clients and hedge fund managers, reiterating in acute detail the many hoops that managers must jump through before the bank will invest with them.

In early November, Bank of America Corp. hosted a seminar in New York for rich clients and hedge fund managers, reiterating in acute detail the many hoops that managers must jump through before the bank will invest with them. "We have to be satisfied with the answers we get to

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