Hedge Fund Investors Seek to Unload Shares on Secondary Market Flooded With Redemptions, Many Hedge Funds Putting Up Restrictions By Editorial Staff October 22, 2008 With losses mounting—the average hedge fund is down 10% this year—hedge fund investors are increasingly looking to head for the exits, and hedge funds are putting up barriers, Dow Jones reports. As a result, many investors, including pensions, endowments and hedge funds-of-funds, are resorting to alternative means to unload their shares, particularly the secondary market, even if it means selling at discounts as high as 50%. One auction that matches buyers and sellers is Hedgebay,...