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 Max Re slashes hedge fund allocation after $31 mln loss

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 Max Re slashes hedge fund allocation after $31 mln loss

 14th Nov 2006, 01:05 GMT

 SAN FRANCISCO (MarketWatch) -- Max Re Capital slashed the amount of money it's willing to invest in hedge funds after the Bermuda-based reinsurer's alternative investment portfolio lost $31 million during the third quarter.

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