Fund to repay investors securities not cash
對沖基金GOLDENTREE「以貸代現」償還投資者


引發諸多投資者抗議

Hedge funds such as GoldenTree warn investors in offering documents that they have the right to pay investors back “in kind” not cash. However, such payments in kind have been highly unusual until the current credit crisis, which has led hedge funds to place a variety of restrictions on investors trying to pull out their money.

GoldenTree等對沖基金在銷售檔案中警告投資者,它們有權「以貨」償還投資者,而不是用現金。不過,直到當前這場信貸危機前,這種以貨支付的方式一直非常少見。信貸危機已致使對沖基金在投資者試圖贖回資金方面施加了各種限制。

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