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The Alarm Isn’t False

The credit crisis has some experts suggesting a three-pronged approach to reforming the hedge fund industry.

By all accounts, Jeff Larson wasn’t the type to flirt with disaster. As the leader of Sowood Capital Management, a $3 billion Boston-based hedge fund, Larson was known as a prudent investor whose reputation had earned him a client roster of foundations and endowments, among them his former employer, Harvard

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