BLOCKED EXITS MAY BE COSTLY AT HEDGE FUNDS

REUTERS
Dec 12, 2008

Hedge fund investors may face an expensive tug-of-war with managers, according to a new research paper that suggests they could lose as much as 15 percent of their initial investments should they be unable to exit when they want. This trend is not only aggravating but also extremely pricey, NICOLAS BOLLEN, a professor at Vanderbilt University's Owen Graduate School of Management, said in an interview.