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Posted on: Jan. 27, 2017, 11:20 a.m.
Burned by failed deals, poor returns and client withdrawals, hedge fund managers needed a home run. With each passing day last week, as a Johnson & Johnson corporate jet remained mostly parked a short drive from Actelion Ltd. headquarters near Basel, Switzerland, they grew increasingly confident of a big score, according to hedge fund managers betting on the deal who tracked the plane’s movements on the internet. Full investment news article