Tuesday 6 January 2009

Hedge funds face more pain

Hedge funds are suffering a New Year hangover of record proportions after an end-of-year rush to suspend or restrict withdrawals of money and the first of what is expected to be a wave of closures.
Funds from London managers GLG Partners, RWC Partners and Oceanwood Capital all introduced last-minute restrictions as the year ended, while Finnish fund Ilmatar on Monday said it would close.

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