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The Hedge Fund Workout

For companies seeking to stave off bankruptcy, hedge funds are a tempting source of financing after more conventional borrowing options have been exhausted.

For companies seeking to stave off bankruptcy, hedge funds are a tempting source of financing after more conventional borrowing options have been exhausted. The growing clout of hedge funds, as well as their growing hunger for yield, have enabled many troubled enterprises to borrow or refinance existing loans at pricing

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