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Hedge Fund Managers Switch Strategies and Reap Rewards

New York Times – In mid-March, with the global stock markets plunging, Philippe Jabre, a hedge fund manager based in Geneva, started buying bombed out financial stocks in the United States, Europe and Asia.

A procession of sleepless nights followed as he wondered whether his bets would pan out, or send his nascent $2.5 billion fund outfit reeling.

Now, with his main fund up 30 percent this year, rest comes a little more easily.

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