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New Hedge Fund Economics
Managers must learn how to make ends meet in a world without performance fees.
Like scores of hedge fund managers this year, Richard Brennan has fallen victim to the global credit crisis and market meltdown. Brennan is the founder of Camulos Capital, a $2.5 billion Stamford, Connecticut–based firm that specializes in credit strategies. By early September his long-biased Camulos Master Fund had plunged 20
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