So, they give a pitch about how the Lipper fund managers are very clever, and notice the subtle connections between this and that.

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Hedge fund managers usually demand at least 30 days notice--often more--from investors who are pulling out their money.

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Meanwhile, traders took notice of recent news reports that famous fund managers John Paulson and George Soros upped their gold holdings during the second quarter, said Kevin Grady, owner of Phoenix Futures and Options, on the Comex floor.

FORBES: Gold Hits Two-Month High As Euro, Oil, Grains Rise; Gain Accelerates On Chart Buying