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The Gatekeeper

To preserve its capital, Warren Lichtenstein wants to take his hedge fund public.

Warren Lichtenstein’s fight to keep his investors at bay is compulsory watching for its internecine drama but also as a potential test case for the hedge fund industry. Lichtenstein — join the crowd — had a tough year in 2008. His main fund, $1.26 billion Steel Partners II, was down

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