Citigroup will infuse some $1 billion into six municipal-bond-focused HFs suffering from the latest market downturn. Also, The Philadelphia-based law firm Drinker Biddle & Reath has announced the formation of task force to advise its HF and PE clients. Meanwhile, Canadian institutional investors' love for alternative investments is growing stronger, though not for HFs. Finally, persistent reports that HFs have been engaging in manipulation to the detriment of Australian companies has prompted Australian regulators to move aggressively.
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