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Hedge fund manager: Aerospace taking off

CNN – The Dreamliners may be temporarily grounded, but one hedge fund manager is betting that aircraft makers are about to take off.

“The aerospace industry was essentially put on hold during the few years since the financial crisis, but now there is a real need for modern planes,” said Dinakar Singh, founder and CEO of New York-based hedge fund TPG-Axon Capital Management, adding that he expects the industry will enjoy strong and steady growth around the world for the next 10 to 15 years.

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