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Hedge funds that profited on residential mortgage debt after the financial crisis such as Pine River Capital Management and Canyon Partners are trimming their bets as prices rise.Gorelick Brothers Capital is also exiting investments in both uninsured and governmentbacked home loan securities. The firm is seeking higher returns by raising a private equity fund to buy singlefamily rental houses, said Rael Gorelick, a cofounder of the firm.
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