Cambridge Place Investment Management has become the latest hedge fund to limit investor withdrawals and cut fees after the $9bn London and Boston-based structured credit specialist saw returns crumble. CPIM’s $673m Structured Credit Fund 1000 dropped 8.7 per cent in August to leave it down 22.8 per cent for the year. Investors have agreed to block withdrawals until next September. The Structured Credit 500 fund took similar moves at an emergency meeting last month, while investors in sister fund Structured Credit 1500 are due to vote in the next fortnight.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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