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Diamondback Says It Is Cooperating With FBI

Diamondback Capital Management, one of the three firms that was raided Monday by the Federal Bureau of Investigation, says that its cooperating with the FBI's investigation.

"We received an inquiry this morning from the FBI," the hedge fund firm said in a statement that was emailed to MarketWatch. "Diamondback is voluntarily cooperating. The firm is fully operational and we, along with our team, continue to manage the portfolio and Diamondback's business for the benefit of our investors," it added.

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