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Hedge fund trade group MFA to collect key data

Reuters – Hedge fund industry trade group Managed Funds Association (MFA) said on Friday it plans to collect key financial data from managers at a time the secretive industry is under pressure to become more transparent.

MFA, which counts powerhouse firms Citadel Investment Group, Paulson & Co and S.A.C. Capital Advisors as members, said it will ask managers to say how much money they invest, the number of funds they manage and how many people they employ.

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