Hedge investors pay up as they wait for cash back

LONDON (Reuters) - Hedge funds clients are still paying lavish fees on $100 billion of money they are unlikely to be able to touch for some time, in a sign of the lingering damage done to the opaque industry during the credit crisis.

Despite almost a year of rising markets and better liquidity since the nadir of the credit crisis in autumn 2008, managers have plenty of assets — worth at least $100 billion, according to Hedgebay, a marketplace for hedge fund holdings — locked up as they still can’t be sold.

Click here for full story

This entry was posted on Monday, February 8th, 2010 at 9:23 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.