Those with good performance are suffering from redemptions as investors are forced to rebalance portfolios as equity investments decline, or to redeem hedge fund allocations simply to free up cash to be put to use elsewhere. In October and November, more than $80 billion left the hedge fund industry. Some private banks, however, say the forced redemptions of some investors are offering opportunities to high-net-worth individuals.
Dennis Geelan, director of investment solutions at Credit Suisse’s private bank in London, says that there are select opportunities.
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