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Level Global: Nothing Is Fucked

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"Contrary to speculation in the media, redemptions have been immaterial -- amounting to less than 10 percent of our capital base," the fund said in a letter to clients. "As you can appreciate, we simply cannot respond to every rumor circulating in the media," Level Global continued. "We can, however, reiterate what we have already said -- that we are not a target of the government's investigation and that we are cooperating fully." [Reuters]