Prying Open Hedge Funds' Exit Door
Lately it has become quite common for hedge fund managers to slam shut the exit doors—tying up their investors' money for months on end while hoping for a quick end to the bruising credit crunch that's wreaking havoc with hedge fund performances. For investors it can be a frustrating state of affairs: A wealthy manager gets to keep their money and continue to earn a management fee for sitting on a huge pile of cash.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Gulf of Mexico Oil Spill May Be Largest Since 2010 BP Disaster
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing
- Facebook Is Looking for Employees With National Security Clearances