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How some City hedge funds outpaced bigger rivals as banking crisis hit
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London-based hedge funds posted mixed returns in the first quarter with bigger firms particularly battling in the wake of the banking crisis and volatile bond markets.
Chris Rokos’ £15.5bn macro hedge fund fell by more than 11% through 24 March after its bets on US government bonds went wrong, a source familiar with the matter told Financial News.
City...
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