Some smaller hedge funds turn down new investors

09/20/2011 | New York Times (tiered subscription model), The

Some small to mid-sized hedge funds are beginning to refuse new investors following a steep jump in assets. They include Lakewood Capital Management, which has grown from $200 million to $900 million in roughly a year. Smaller firms are turning away money as a result of a more cautious approach to growth, observers say.

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New York Times (tiered subscription model), The

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