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March 31, 2009

GCI Plans New Hedge Fund to Snap Up Hybrid-Security Bargains

April 1 (Bloomberg) -- GCI Asset Management Inc. , a Japanese hedge fund with 26 billion yen ($265 million) in assets, said it will start a new fund to snap up bargains in hybrid securities that combine debt and equity.

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HFA’s Howard Steps Down as Chairman of Struggling Hedge Fund

April 1 (Bloomberg) -- HFA Holdings Ltd. , an Australian hedge-fund manager that last year halted redemptions from some funds, said Chairman Brett Howard has resigned.

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Hedge Fund Managers Leave Goldman Sachs

Three heads of Goldman Sachs Asset Management, the firm’s quantitative investment group, left the firm on Tuesday, announcing their retirement.

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Goldman Hedge-Fund Managers Carhart, Iwanowski Retire

March 31 (Bloomberg) -- Mark Carhart and Raymond Iwanowski , co-heads of Goldman Sachs Group Inc.’s quantitative investment- management group and Global Alpha hedge fund, retired.

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Before Madoff, Hedge Fund Manager Was Life of the Party

It seems that the charmed life of Andrés Piedrahita, the managing partner of the hedge fund that lost $6.9 billion to Bernard Madoff’s ponzi scheme, is entering a decidedly un-charming period.

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