Economics

Hedge Funds Rush Into Debt Trading With $108 Billion

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By Lisa Abramowicz, Miles Weiss and Christine Harper

May 7, 2013 at 7:01 PM EDT

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Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking.

BlueCrest Capital Management LLP doubled its New York staff in the two years through December, while Pine River Capital Management LP increased its global workforce by one-third in

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