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Hedge funds profit from quick bets in Europe crisis

Reuters – Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe’s debt crisis, as markets lurching on one policymaker’s comments to the next punish managers brave enough to take long-term positions on the eventual outcome.

As the Euro zone’s debt crisis deepens — stocks fell again on Monday on news Greece will miss deficit targets — investors who expect quick-thinking funds to snap up bargains in the sell-off or profit from short-selling may be disappointed.

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