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Greenwich hedge fund hands back $1 billion to clients

Greenwich Time – QFS Asset Management, the Greenwich hedge fund firm founded by celebrated economist Sanford “Sandy” Grossman, announced the closing of its currency trading fund Tuesday and said it will return nearly $1 billion in client assets.

The currency fund lost 8.7 percent in 2013 and 8.6 percent in 2012, Wall Street Journal reported, citing documents from QFS.

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