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"Sixty-one percent of the 2,795 funds managing more than $100 million that are in New York-based HedgeFund.net's database are losing money in 2008."

That was the data point to take away from Kathy Burton's insightful Bloomberg article today, titled "Citadel, SAC Capital Get Pick of Casualties as Carnage Worsens"...

Despite people getting upset about it when I started writing about this 9 months ago, the facts appear to be bearing out on my side of the thesis.

Facts are stubborn little things, arent they.
KM