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Devaney’s Funds Wiped Out After United Capital Gets Margin Call

Bloomberg- John Devaney is liquidating hedge funds at his United Capital Markets Holdings Inc. after failing to meet a margin call from Deutsche Bank AG. Deutsche Bank seized and auctioned off...

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Hedge funds add to markets’ pain

USA Today – The great unwind in the secretive hedge fund world caused by steep losses has contributed to the megapain in the stock market. Wealthy folks and big investors yanked a record $31 billion to...

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