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New options-based hedge fund Red Matter Management starts up in Lancaster County

Its name smacks of science fiction, but Red Matter Management Group LLC is real, and it’s out to make a big profit on what could happen — or what may never happen — on the S&P 500 stock index.

Its name smacks of science fiction, but Red Matter Management Group LLC is real, and it's out to make a big profit on what could happen — or what may never happen — on the S&P 500 stock index.

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