Glob and Mail – When markets tank, many investors want to take their chips off the table. But for some hedge fund investors that might not be an option. Not because of heightened fortitude, but because the fund won’t allow it.
Not all hedge funds are created equal as many are conservatively managed. But we tend to hear more about the high-flying and hard-crashing ones. These tend to come with provisions in their offering memoranda that are actually designed to protect the investor, but when enacted, usually draw their ire.
