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PlusFunds.com gets $42 million

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J.P. Morgan & Co., Merrill Lynch & Co. and Credit Suisse First Boston will invest $42 million in PlusFunds.com, a hedge fund information portal due to launch by fall. The first such site of its kind, New York-based PlusFunds.com intends to provide information to the cloistered institutional hedge fund trading community. Content will be in 10 languages, including English, Chinese, Arabic, Russian and German.

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