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Hedge fund sues Wachovia and Citigroup

The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.

A small Florida hedge fund has filed separate lawsuits against Citigroup Inc. and Wachovia Corp. alleging that the firms improperly required the asset manager to pay out more money from credit default swaps in the midst of a towering drop in the value of mortgage-backed bonds, according to published

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