One forgotten issue on the table ... Many hedge funds, including the multi-billion heavyweights alike Tudors, Citadels, Highbridges etc. have (or had?) limited redemptions. FT Alphaville had a reminder story: http://ftalphaville.ft.com/blog/2009/01/06/50790/hedge-funds-face-more-pain/.
What happens when the gates are open?
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