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Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Fortress’s Adam Levinson on the financial earthquake – BBC World Service
Lehman headache for Paulson – New York Post
Hedge funds’ low-arb diet is at an end – WSJ
Many truths about convertible arbitrage have been forgotten – Opalesque
Liquidity key in new Ucits III funds – Citywire
Watchdogs spell out hedge fund investor protection – Reuters
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