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An article relating to this blog post on Finextra:

Hedge fund IT spending set to plummet

US-based hedge funds are to cut total IT spending by 40% in 2009, to $882 million, says a new Tabb Group study.

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Drop in the ocean?

The reduction in IT spending now sounds quite small compared to the 18 billion pound losses racked up by hedge funds over the last couple of days. Many had bet on VW shares going down. They rose 348% in two days. Oops.

More from the BBC's Robert Peston

I think I'm suffering from big number overload.

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