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As quickly as hedge funds can be the markets' foil, they can come to its rescue. Or, so investors seemed to think Monday.
It was the collapse of two subprime-focused Bear Stearns(BSC Quote) hedge funds in June and the sum total of their losses announced earlier in July that really sent the credit markets swerving off their rails.
But the credit markets and the stock market were able to bounce Monday mostly on news that hedge funds, among others, are bottom-fishing for opportunities. ...
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