Deciding to liquidate a hedge fund is one of the toughest decisions of a manager’s life. Sometimes it is a call that has to be made.
The big question is when to start planning for that wind-down process. Should it be something a manager and directors anticipate from the fund’s birth or does it make more sense to wait until a wind-down is clearly on the horizon?
In recent months the question has become more relevant thanks to the extreme markets that caught many hedge funds unaware and unprepared.
The week on Risk.net, July 14–20, 2017Receive this by email