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Strategies & Market Trends : Galapagos Islands
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To: Challo Jeregy who wrote (8111)10/19/2002 9:27:04 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
this is the best part...



Another shock for Beacon Hill's investors: They can't pull their money out
of the floundering hedge funds, or even receive updates about how badly
the hedge funds are doing, for the next six months. In a letter to investors
on Friday, Beacon Hill said it was suspending investor redemptions, a
move that is allowed under the terms of the hedge fund's offering
documents.

The firm also disclosed that some of its losses took place before September, even
as investors were told the fund was in positive territory, suggesting that investors
may have been misled about how the fund was performing.
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