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Can star managers who blew up in 2008 come back?

Centaurus Capital, Ospraie Management, Amber Capital and Tontine Capital want a second chance

By Steve Taub Illustration by Jonathan Bartlett Centaurus Capital wasn't the worst-performing hedge fund firm last year by a long shot. But the London firm's event-driven fund—Centaurus Alpha—fell about 20%, leading to a mad dash for the exits by investors. With monthly liquidity for those giving three-months' notice, Centaurus received redemption notices

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