{"id":9006,"date":"2008-10-31T00:00:00","date_gmt":"2008-10-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-working-to-limit-redemptions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-working-to-limit-redemptions.html","title":{"rendered":"Hedge funds working to limit redemptions"},"content":{"rendered":"<p>Reuters UK &#8211; Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients&#8217; investments &#8212; as well as their own futures.       <\/p>\n<p>Only a few months ago, hundreds of the world&#8217;s estimated 9,000 hedge fund managers made it tough for wealthy investors to put money into their funds by requiring high investment minimums of $1 million (617,500 pounds) or more and charging heavy fees.<\/p>\n<p>Now managers are making it hard for investors to get out.<\/p>\n<p>&quot;Everyone is looking at their gate provisions (mechanisms that limit redemptions) and what rights they have to close their gates,&quot; said Timothy Mungovan, a partner who advises hedge funds at law firm Nixon Peabody LLP. &quot;It is a phenomenon that has been occurring for some time and is picking up pace now.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/fundsNews\/idUKLNE49U02T20081031\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters UK &#8211; Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients&#8217; investments &#8212; as well as their own futures. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3389,3488,116,998,621,333,171,117,3489,418,2191,149,47,3487],"class_list":["post-9006","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-airlines","tag-business-environment","tag-combination-of-the-two","tag-complexity","tag-congress","tag-doing-business","tag-gaap","tag-investment-arm","tag-levy","tag-merrill-lynch","tag-participatory-notes","tag-proceeds","tag-third-party","tag-waiting-period"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9006"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9006\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}