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November 21, 2008



Sparx to increase Japan investment

Sparx Asset Management, the biggest hedge fund in Asia, will increase investments in Japanese companies whose brand names position them to benefit from rising spending in the region, said the fund's president, Shuhei Abe, on Tuesday.

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IRS to probe hedge fund, private equity taxes

U.S. tax authorities at the Internal Revenue Service are focusing on the private equity and hedge fund industry in an attempt to discover if fund managers are paying their taxes properly.

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Hub hedge fund faces suit over insure scheme

Securities regulators sued a Boston hedge fund and two principals, alleging they misled investors about the risk of a $33 million scheme involving fraudulent life insurance policies.

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