Ackman Locking in Investment Assets As "Permanent Capital" Trend Rolls On

There is a growing trend in the hedge fund community that solves a problem be-deviling many fund managers.

Hedge funds typically perform in cycles. At times a hedge fund manager can execute to perfection and the market environment is their friend, a magical year. This is when the investing public wants to attach themselves, some sophisticated professional investors included. Then, at times when the fund is experiencing its worst drawdown or a negative event such as 2008 strikes, investors want their money back. This can cause significant problems when re-positioning portfolios and taking up dry powder to invest when there is blood on the street.