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Money fund portal technology company CacheMatrix just released a white paper on hedge funds and money markets entitled "​Cash Management: Every Basis Point Counts for Hedge Funds". Founder George Hagerman writes, "​While myths persist that hedge funds only use leverage and never hold cash, the overwhelming evidence is to the contrary: `​the majority of hedge funds do have cash positions, and many employ a variety of cash management strategies to maximize interest income on cash balances."

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