| 04.01.2007 Other Voices: The only way an investor can dispose of his interest in a hedge fund at NAV, and actually receive that NAV value,is by using the secondary market |
| From HedgeBay.com: The only way an investor can dispose of his interest in a hedge fund at NAV, and actually receive that NAV value, is by using the secondary market. The reality is that the structure of hedge fund redemption provisions prevents investors from reinvesting redemption proceeds timely or efficiently, with a consequent loss of value. The following example |
| Article source: http://www.opalesque.com/files/Hedgebay.pdf - Opalesque is not responsible for the content of external internet sites |