Some Hedge Funds Face Redemptions at OTPP

Hedge funds continue to get pilloried and the liquidations continue. With many name-brand hedge funds posting negative returns, asset owners are coming to the table asking for concessions and fee breaks. Some funds are capitulating. Others are shutting down. Perry Capital LLC, a hedge fund founded in 1988 by Paul Leff and Richard Perry, announced plans to wind down its hedge funds due to market headwinds and institutional investors pulling out money year after year. Even the smaller hedge funds are facing redemptions or shut downs.

Many large pensions have been reducing the number of managers on their roster whether its traditional investment management, private equity, real estate and hedge funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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