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CLASS REVIEW: Distressed Securities
Many hedge fund managers embrace market volatility for the investment opportunities it can create.
Many hedge fund managers embrace market volatility for the investment opportunities it can create. But most distressed-securities funds were caught off-guard by this summer's choppy market. In July, Chicago-based Hedge Fund Research's HFRI distressed-securities index dropped 0.40 percent, trailing the 0.45 percent monthly returns generated by the HFRI fund-weighted composite
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