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Bear Stearns funds were ‘heavily’ subprime, jury told

Bear Stearns Cos. hedge funds managed by Ralph Cioffi and Matthew Tannin had 10 times more exposure to subprime-related securities than investors were led to believe, jurors were told in the fraud trial of the two men. Prosecutors displayed brochures and data given to investors in Cioffi and Tannin's hedge funds in 2006 and 2007 that ...

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