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Exis Up 22% In August
September 17, 2007
New York-based hedge fund Exis Capital Management made the right bets last month avoiding the fate that has befallen many hedge funds in August.
Exis, led by former SAC Capital trader and major art collector Adam Sender, returned 22% last month, according to Bloomberg News.
The once $1.1 billion fund is rebounding from drawdowns last year and in 2004.
Sender said he revamped Exis last year to make only short-term trades.
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