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July 30, 2010



SEC lawyer says he was fired in hedge fund case

WASHINGTON -- A former government lawyer told Congress yesterday he was fired last summer after he tried to subpoena a prominent Wall Street executive to testify in an insider-trading investigation of a major hedge fund.

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ValueAct activist hedge fund takes stake in Sara Lee

ValueAct, a San Francisco-based activist hedge fund, reported Friday that it has a 5 percent stake in Downers Grove-based Sara Lee Corp.

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Oil slumps 4 percent, funds take profits

Oil prices fell 4 percent on Tuesday as hedge fund speculators took profits from an all-time high above $60.

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