Financial Literacy, New York Stock Exchange (NYSE), Stock Market, Wall Street
Wall Street Journal: Two Distressed-Asset Hedge Funds Bar Clients from Withdrawing Money
03
Jan
Jan
The Wall Street Journal reports that distressed-asset hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end. This is a sign of the pressure that investors in distressed assets are facing.
