Long notice periods, gates make it difficult for investors to exit
By Eric Baum
With monthly hedge fund performance hitting a 10-year low in August, many expected investors to take their money and run. But outside of a few names that either suffered big capital outflows or put up gates to keep investors from bolting, little has happened. Why? Hedge fund managers and investors say that lengthy notice periods mean many hedge funds may have dodged a bullet.
Some funds that are heavily invested in structured credit or quantitative strategies are still suffering, and investor redemptions have been confined to