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Meredith Whitney is launching a hedge fund: Sources

CNBC – Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup’s mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sources familiar with the matter and regulatory filings said on Wednesday.

Whitney is raising money for a long/short equity hedge fund, according to the sources who are not authorized to speak publicly about the matter. Those types of funds bet on stocks rising or losing value. It could not be determined how much capital Whitney has raised so far.

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