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Ex-Olympian’s Hedge Fund Punctured by Japan

WSJ – The $1.5 billion Balestra Capital Partners, L.P., started by ex-Olympian Jim Melcher, lost more than 6% last month pressing bullish bets on Japanese stocks and against the yen,

That was the fund’s worst month in almost four years. In total, it is down about 9% in the first two months of the year, after earning about 8% in 2013.

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