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4 hedge fund managers offer advice on volatile market

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Bill Ackman at Delivering Alpha 2015 in New York.
David A. Grogan | CNBC

With markets gyrating hundreds of points up and down on a daily basis in the past week, many investors are wondering what they should do next.

CNBC asked several hedge fund managers what advice they would give to the average investor during this extreme volatility.

Here is what four of them said:

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