Always Hurt By The Ones You Love

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Ok manager boy. If you gave your Scroll and Key buddies a wink and a nod so they could sneak their redemptions out before the freezes, well, you are in a world of hurt and some people are going to want to talk to you. Hell, with the present mood of the public, you may well get yourself 20 years.

A surge in redemption suspensions and liquidations in the past year has created "particular concern as to whether hedge- fund advisers may be favoring their own interests above others," Walter said today in prepared testimony to the House Financial Services Committee. "Principals, employees or favored investors of the hedge-fund adviser may have received 'preferential redemptions' from the fund at issue."

SEC Hunts for 'Preferential' Hedge-Fund Redemptions [Bloomberg]

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