Following the lead of other hedge funds, Citadel Investment Group has halted investors from cashing out until at least March, a move which adds to the “locking up” of potential investment money during the downturn, according to The Financial Times.
“There are more assets frozen in suspended hedge funds than the $325 billion distributed to date under the TARP,” says Marc Freed, a managing director at Lyster Watson, a fund of hedge funds, referring to the US government’s Troubled Asset Relief Program.