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They also say they have broader concerns about how the report examines risk in the sector, claiming it views asset managers through a banking regulatory lens and fails to distinguish adequately between registered funds that are already highly regulated versus unregistered funds that face less regulatory oversight.
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Other decliners included Carnival Corp, whose sharesfell 5.3 percent to $32.70, after dropping 7.6 percent onTuesday. The company warned it could report an adjusted loss forthe current quarter and several brokerage downgraded its stock.
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