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CLASS REVIEW: Distressed-Securities Funds

Hedge fund managers who invest in distressed securities have built up their war chests lately in hopes of picking off the spoils when markets turn nasty.

Hedge fund managers who invest in distressed securities have built up their war chests lately in hopes of picking off the spoils when markets turn nasty. Now, after the recent equity market carnage and with U.S. interest rates above 5 percent, the vultures are expecting to feast. The rise in

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