2008-10-27hartfordbusiness.com

Hedge funds lost a record $210 billion in assets in the third quarter and $79 billion in September alone, raising ominous financial and employment questions for southern Connecticut, the world’s third largest hedge fund center.

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The potentially steep decline in Connecticut’s hedge fund industry is more bad news for the state’s economy. More than 40 percent of state income tax revenue has come from Fairfield County.


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