Posted on 08/24/2007 7:06:05 AM PDT by TigerLikesRooster
Hedge-fund redemption shock
Investors looking to cash out this fall may be met with an unpleasant surprise.
By Grace Wong, CNNMoney.com staff writer
August 23 2007: 12:40 PM EDT
LONDON (CNNMoney.com) -- Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise.
Most hedge funds have "lock-ups," a minimum period of time during which investors agree to tie up their money and not make any withdrawals.
Once that period ends, investors generally can redeem their stakes as long as they give advance notice, usually 45 to 90 days before the quarter end. Although that cut-off has passed for many funds for the current quarter, investors can still put in requests to get their money out by year-end.
But hedge funds also can slow withdrawals, or suspend them altogether. While they're usually loath to do this, since it can signal that a fund is on the verge of collapse, current conditions may result in more funds not letting investors take their money out -at least not immediately.
(Excerpt) Read more at money.cnn.com ...
Ping!
Troubletown dot com is run by a radical leftist. Why spread his crap here?
Lloyd Dangle is a radical leftist. Is he your economics mentor? Why are you spamming his cartoon propaganda all over Free Republic?
I like the cartoon and it does sum up nicely the way credit has been to easy to get lately. The banks got greedy and stupid and now in some cases are screaming for tax dollars to bail their worthless hides out. YOu made the loans, you stood to make the profits, then well you can take the loses.
Wow, a great poster!
There’s nothing wrong with the cartoon, except that it glosses over the responsibility of the borrower and places ALL the blame on the “system”. Both are in fact responsible.
However, leave it to the lefty to “absolve” poor “victim” borrowers of any responsibility for their actions.
The radical left's marching orders are to blame hedge funds for the subprime "crisis," and thus demand Teddy and the boys to regulate hedge funds "for the children."
George $oreA$$ and the other elite lefties in charge/owning mutual funds will take real good care of their customers as they yell, BOHICA!
Other than that, Mrs. Lincoln, how was the play?
I just KNEW you couldn’t resist this thread for a variety of reasons!!! (extra wide grin!)
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