Hedge Funds that Met Redemption Requests in 2008 Starting to See New Inflows

September 6th, 2009
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Hedge funds that honored client redemption requests in late 2008 are beginning to see new inflows, while many of the hedge funds that halted redemptions are still trying to pay back investors, according to several cases examined by CNNMoney.

When the financial system nearly collapsed at the end of 2008, panicked investors began demanding their money back. Hedge funds were forced to liquidate assets in order to return capital to investors, which triggered further losses and continued redemption requests. In an attempt to stop the bleeding, many hedge fund managers resorted to slowing, or altogether stopping, the redemptions.

SAC Capital Advisors, Och-Ziff Capital Management and Moore Capital Management are several hedge funds that did not restrict redemption requests and are now beginning to see new inflows.

Of the funds that limited withdrawals, many are still in the process of paying investors back. According to CNNMoney, Fortress Investment Group has fared better than most and has paid back around 90% of the requested redemptions. On the other end of the spectrum, Tudor Investment Corporation still has significant redemptions to meet, while Citadel Investment Group has yet to even begin honoring redemptions stemming from 2008.
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For Detailed Investor Profiles on these Investors, click below:
Citadel Investment Group
Fortress Investment Group
Moore Capital Management
Och-Ziff Capital Management
SAC Capital Advisors
Tudor Investment Corporation
Related People: Brandon Haley; Becket Wolf; Daniel Mudd; Daniel Och; David Grossman; David Hensle; David Windreich; Derek Kaufman; Greg Coffey; Harold Kelly; Henry Bedford*; James Pallotta*; Jean-Philippe Blochet; Jeff Runnfeldt; Jude Driscoll; Kaveh Alamouti; Kenneth Griffin; Louis Bacon; Mark Stainton; Michael Cohen; Michael E. Novogratz; Paul Tudor Jones, II; Randal Nardone; Robert Kauffman*; Ryan Garino; Steve Weller; Steven A. Cohen; Wesley Edens; William F. Callanan; Zoltan Varga
Related Entities: Altar Rock*; BVI Global Fund Ltd; Canvas Capital; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; CR Intrinsic Investors; Drawbridge Global Macro Funds; Equiduct; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; Logan Circle Partners; Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; New Castle Re; Newcastle Investment Corp; Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Raptor Global*; Remington Investment Strategies; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Sowood Capital*; Tudor Investment Corp; Tudor Investments; Tudor Momentum Futures Fund; Tudor Tensor; Valence Capital Management; Walter Capital Management*; Ziff Brothers
Related Article Tags: Investment Management, Fund Manager and General Financial News


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