01.10.2008 - Hedge funds and commodities
From Moneyweb: Amid a growing chorus - amid global markets mayhem - that mining stocks are both undervalued and oversold, increasing numbers of hedge funds, like certain kinds of banks, are being weeded out of the system. In the latest move, a hedge fund has effectively been nationalised by its owners, much as governments may nationalise failing or failed financial entities. London-based RAB Capital overnight Monday won a vote required to freeze redemptions on its flagship hedge fund, which had contracted in value from $2bn in December 2007 to $790m on September 25 this year...... Full Article: Source