NYT DealBook, August 15, 2007:
For hedge fund bosses, today could be a nail-biter. August 15 marks the last day for most investors to notify fund managers that they want to withdraw money at the end of the third quarter. Coming so soon after last week's market turbulence, which led to huge losses at some well-known funds, the deadline raises the prospect of a wave of redemptions from rattled investors seeking to pull out their money. Of course, investors may also decide to stay the course, rather than selling out at what might end up being the lowest point.
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