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Soros sees 'shakeout' downsizing hedge fund world

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"In my estimation (the industry) will be reduced in size by anywhere between half and two thirds," he said. He did not specify if he was talking about the number of funds or the amount of money invested in them. Soros, 78, said the International Monetary Fund needs to move to protect emerging markets or else today's global financial system will not last.

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At uk.reuters.com

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