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Hedge funds raked in $6.1 billion in August

(Reuters) – Hedge funds took in $6.1 billion in August as the industry outperformed slumping markets, according to data released on Monday. August marked the seventh month this year when inflows into the $2 trillion hedge fund industry exceeded redemptions, according to figures compiled by BarclayHedge and TrimTabs Investment Research. Hedge…

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