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Bloomberg News

Hambrecht & Quist Group said it is closing its IPO mutual fund to new investors after attracting more than $330 million. The San Francisco-based bank began selling the no-load, no-fee H&Q; IPO & Emerging Company Fund via the Charles Schwab Corp. fund “supermarket” and through brokers in September. The fund, which gained about 24% in November, will be shut Dec. 30, though existing investors will still be able to buy more shares.

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