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Sowood founder apologizes

Larson says fund's strategy for hedging against risk failed

By Steven Syre
Globe Staff / August 4, 2007

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A contrite Jeff Larson, founder of Boston hedge fund Sowood Capital Management, spoke to his clients for the first time yesterday and tried to explain how events of recent weeks wiped out more than half of their $3 billion investment. (Full article: 772 words)

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