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I'm not very conersant with this subject, but it seems to me fatpitch has a good point. While redemptions forced large scale sales of assets and helped force prices very low, not so much cash has been recovered by the punters. The other 90% or so has gone into space.
Dec 22 09:56 am
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All Comments by Boubou »Hedge Fund Redemptions May Crash Q1 Markets [View article]
So the 'cash on the sidelines' is not such a huge consideration.