U.S. Hedge Funds Anxious As Redemption Deadline Looms

Daily News; White Plains › November 15, 2008

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Summary

BOSTON (Reuters) - Anxiety is sweeping the hedge fund industry before a crucial deadline on Saturday [Nov. 15], when investors angered by recent heavy losses are expected to demand the return of billions of dollars.

"Managers have a pretty good feeling for what is coming, and there are significant redemption requests out there," said Stewart Massey, founding partner of Massey, Quick & Co., an investment consultant that puts money into hedge funds.

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U.S. Hedge Funds Anxious As Redemption Deadline Looms

Saturday is the last day for thousands of investors to notify hundreds of hedge funds if they want their money back by year's end. Hedge funds that require three months' notice from inve...

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