At the worst of the market turmoil in late 2008, an estimated $175 billion of capital was locked up in illiquid hedge funds, according to Hedge Fund Review. It is estimated that some $50 billion to $60 billion remains locked up in zombie funds, out of the reach of investors.
Read more NYTimes.com at: http://dealbook.nytimes.com/2012/06/04/hedge-funds-of-the-living-dead/
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