Hudson Bay Joins Hedge Funds Locking Up Investor Cash for Longer
- Current clients permitted to fully exit fund after two years
- Rivals Millennium and Balyasny also boosted lockup periods
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Hudson Bay Capital Management is the latest hedge fund locking up investor capital for longer, according to people with knowledge of the matter.
Sander Gerber’s firm in April transitioned clients in its flagship fund to a 12.5% quarterly investor gate level, down from 25% — meaning it will now take two years to fully exit the fund instead of one.