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Tontine Partners raising new total return fund

Reuters – Hedge fund manager Jeffrey Gendell is mounting a comeback after a turbulent 2008.

Gendell’s Tontine Associates LLC, disclosed plans in a Securities and Exchange Commission filing to raise funds for a new total return hedge fund. So far, $12.6 million has been raised for on-shore and offshore versions of the fund, but that is only a fraction of the amount Tontine expects to gather, people familiar with the firm’s plans said on Monday.

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