Hedge Fund Startups Got $12.4 Billion Since 2009

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Feb. 27 (Bloomberg) -- Bloomberg's Kelly Bit reports that newly started hedge funds received $12.4 billion in deposits from 2009 through 2011 from investors that believe many managers perform best during their early years, according to a Citigroup Inc. report. She speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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