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Averill Partners Is Up 275 Percent in Two Years

The top-performing hedge fund specializes in an unlikely part of the market.

Talk about a successful launch.A little more than two years after it began trading, Averill Partners is one of the hottest hedge funds around. After gaining 6.8 percent in April, the fund was up 18 percent over the first four months of this year. That performance follows a 12 percent

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