STAMFORD, Conn. -- Spruce Alpha, a small, Stamford, Conn. hedge fund that’s part of a larger investment group, lost almost $40 million in a month, businessinsider.com reports.
The $80 million fund lost 48 percent in the month of August, making it the worst performer by far during a month that saw steep losses, according to businessinsider.com .
Spruce Alpha is part of $1.8 billion fund Spruce Investment Advisors founded in 2001 by Darien resident John Bailey, says businessinsider.com .
See businessinsider.com for the full story.
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