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Update: Credit Risk

The past few months have been good for Stephen Vogt, chief investment officer of Mesirow Advanced Strategies.

The past few months have been good for Stephen Vogt, chief investment officer of Mesirow Advanced Strategies. As the bottom has begun to drop out of the subprime mortgage market, returns of the Chicago-based firm, which manages $12.5 billion in funds of hedge funds, have been boosted by short positions

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