Hedge funds take on Rocky - talk about picking the wrong fight!

Hedge fund lawyers have never been afraid of a good fight. When a hedge fund goes terminally wrong, all and sundry expect to get attorneys' letters seeking due restitution, from administrators to prime brokers to custodians, to the fund's own directors, of course.

In August, however, another target of bankrupt funds' lawyers became apparent - the fund's own investors, in the Bayou case, or more specifically, the fund's former investors, who may have exited the defunct vehicle up to two years

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