In the ultimate show of faith in the pair of managers, redemptions were few.
Amid the depths of the 2008 financial crisis, NIR, like many hedge funds, suspended investor redemptions.
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There could also be a benefit for corporate stock redemptions that qualify for capital gain treatment.
Assets fell by a quarter, reflecting both losses and client redemptions, which are expected to accelerate.
From this yield you should knock off 0.6% to cover defaults and the unfavorable effects of calls (early redemptions).
Mutual funds, pension and hedge funds are all being forced to sell U.S. equities to meet redemptions.
The suit alleges that Guerra withdrew his own investment in the hedge fund prior to freezing redemptions.
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But even these funds can generate taxable gains--if they have a round of redemptions following a bull market.
Additionally, many mutual funds have been forced to sell their high quality, high yield bonds because of redemptions.
Ahead of the sharp drop in gold prices, the gold exchange-traded funds saw significant redemptions and those outflows continue.
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Even so, Internet coupons represented a mere 1% of total redemptions in 2008.
Big investors in Quantek, which suspended redemptions in October 2008, had some valid reasons for objecting to Papastavrou's litigation.
In April 2009 investors voted to limit redemptions to 25 percent each quarter.
The rolling redemptions provide some protection against rising interest rates, which of course kill the market value of bonds.
Further, because human psychology over millennia never changes, the really large fund redemptions will come at the worst of times.
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Because hedge funds were liquidating their office furniture and anything else they could lay their hands on to meet redemptions.
In bad times they keep between 10% and 15% of their portfolios in cash to meet redemptions if they occur.
Gold funds in the week ending Feb. 27 again dominated the redemptions from commodities funds, which hit record setting levels.
This week he learned his firm is laying off 150 wall street processionals with press reports blaming investor redemptions.
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The example of bond mutual funds, which suffered huge redemptions because of a bear market in corporate bonds, suggests not.
Gift cards, redemptions and warm weather have led to solid and widespread growth for January retail sales, according to two reports.
"Since then, facts have changed in view of redemptions made by Sahara from time to time, " it said in the statement.
The news sparked worries that Morgan Stanley wasn't the only investment bank that needed to bolster its ability to cover redemptions.
If equities plunge and terrified investors flee, a manager may be forced to sell winning stocks just to pay off massive redemptions.
The card only allows redemptions on an annual basis that is an in-store coupon redeemable for merchandise or cash at Costco only.
Contrary to mutual funds, which can pick which stock they sell when they face redemptions, ETFs have to sell the entire basket.
By contrast, when something falls out of favor, the portfolio managers who specialize in it must liquidate their holdings to meet redemptions.
No substitution or transfer of prizes or cash redemptions permitted by winner.
The bankruptcy also hasn't affected customer demand for award redemptions, she said.
These heavy redemptions combined with rising interest rates spelled disaster for 30-year bonds which suffered their worst 12-month return in 60 years!
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