Some Hedge Funds Still Feel Effects Of 2008 Redemptions
Friday, September 4, 2009 : PermalinkCNN Money – A year after investors began withdrawing money in a panic from hedge funds, the surviving funds seem to fall into two camps.
Those funds that were quick to meet redemption requests are, in many cases, beginning to get new investment inflows again. But funds that tried to bide their time returning investor money are often still trying to pay investors back.
A year ago, the collapse of credit markets and Lehman Brothers Holdings Inc. ( LEHMQ) led many investors in hedge funds to demand their money back. Investors can withdraw their money from hedge funds only periodically. For some hedge funds that allow redemptions only once a year, September 30 is the first deadline for investors who want to withdraw cash.
