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Transparent investments in hedge funds via a managed account platform

  • Dechert LLP
  • -
  • Germany
  • -
  • December 19 2011

During the financial crisis of 2008, many hedge fund managers (“HF Managers”) exercised their rights to restrict fund liquidity, using their frequently underestimated legal powers to put in place gates, suspend redemptions and even segregate illiquid fund assets for years in closed-end vehicles (so-called “side pockets”