Liquidating Hedge Fund Investments
Liquidating Hedge Fund Investments | Redemptions
While 10-15% of all hedge funds may need to have gates and extended lock-up periods I strongly agree with the below view by Paulson:
"John Paulson, who runs the $36 billion hedge-fund firm Paulson & Co., has some harsh words for his peers and their tendency this year to block or curb clients’ attempts to get their money back.
“We think it’s a mistake for managers to use gates and other tools to limit investor access to their funds,” Paulson wrote in a 2009 outlook to investors. “While we recognize the difficulties of the current environment, we think it is a manager’s responsibility to raise liquidity to meet the redemption needs of their investors.”source"