The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (168935)	12/4/2008 9:49:40 AM
From: Les H	Read Replies (3) of 306849

Directors of Fortress Investment Group voted to temporarily suspend pending redemptions after investors asked to pull out roughly $3.5 billion by year's end from its Drawbridge funds, nearly as much as the vehicles have in assets. In a government filing, the company estimated that the Drawbridge Global Macro Master Fund and three feeder funds will have approximately $3.7 billion in assets under management on New Year's day, barely more than the amount of money that investors want to pull out. forbes.com

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