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Exclusive | The Highflying Hedge Fund With a Habit of Giving Investors IOUs

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Exclusive | The Highflying Hedge Fund With a Habit of Giving Investors IOUs

Hedge fund Armistice Capital pulled off a remarkable rebound in 2025, turning a midyear loss of more than 30% into a double-digit gain in a few months.

Armistice’s clients aren’t exactly popping champagne, though. 

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