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Cohodes Protege to Raise $200 Million for a Short Hedge Fund

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An eight-year rally in stocks that’s punished contrarians who’ve dared to bet against the market isn’t deterring 26-year-old Fahmi Quadir from starting a short-selling hedge fund.

“I’ve seen the tail end of a bull market and it doesn’t scare me,” Quadir, a protege of noted short-seller Marc Cohodes, said in a phone interview. Her edge? Identifying frauds or accounting vulnerabilities that could cause a stock to lose more than 60 percent of its market value, she says.