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Hedge fund manager Fleckenstein closing down Short Fund

DJ reports hedge fund manager Bill Fleckenstein writes in his Daily Rap column that he's closing down his Fleckenstein Capital fund because he no longer wants to run a short fund. Describing running a short-only fund as "stressful, nerve-wracking and generally not very much fun, he said he became a short seller in part because of the "bubble" he saw forming because of Alan Greenspan-era policies and because of widespread lack of respect for risk.
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