Are SEC rules behind lock-up flurry?

Tue Feb 1, 2005

Early last month, Louis Bacon's Moore Capital told investors that it is reopening its closed funds to new investment - but only on condition that investors agree to a three-year lock-up. Scott Bommer's SAB Capital also said it, too, is reopening for two-year money. Tom Sandell's Castlerigg is accepting replacements for redemptions just so long as the new investors...


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