For Bernard Madoff, the embattled hedge fund manager, the world came to an end when his funds were unable to meet $7 billion in withdrawals at a time when he was supposedly managing $17 billion.
It may seem a lot for people not in the know about hedge funds; however, this amout of money is typical for hedge fund organizations. Individuals looking to get out their money shoudl be able to do so unless there is a gate set up by the managing organization. Customers now have taken out upwards of %35 percent of funds, even funds performing all right in this economy.
So what do you think? Sould people be able to take their money out at anytime or should more restrictive gates be put into place? We'd love to hear your thoughts.
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