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Firm News
Partner William Natbony quoted in Infovest21 News on Two-Year Lock Up on Hedge Funds
September 1, 2005
On February 1, 2005, the new SEC Adviser Act registration rule becomes effective, whereby investors who commit their assets to more than two years do not have to register as investment advisers. In the article, "Two-year lock-up concept seems to be losing popularity," William Natbony indicates that low performance of hedge funds over the last six months has generated concern that the two-year lockup will not sell.
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