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Jennifer Spiegel Publishes Feature Article in Bloomberg's Securities Law Report
April 7, 2009 Full PDF
Corporate counsel Jennifer Spiegel published an article, which appeared as the feature, in the April 6 issue of Bloomberg's Securities Law Report. The article, "Handling Mass Redemptions: A Primer," explores some of the questions that have arisen in connection with the hedge fund industry struggling to satisfy an overwhelming volume of redemption requests--an estimated outflow of over $28 billion in December 2008 alone. Hedge funds are straining to satisfy these requests while still complying with their fund documents and their fiduciary duties and salvaging enough of their business to remain a viable presence in the industry.