Viking hedge fund manager demands long-term commitment amid growing illiquidity bets
Hedge funds are increasingly taking illiquid positions that may be more difficult to sell but also may provide a higher return. Stay longer, or get out, is the message from Norwegian Viking fund empire CEO to investors.
BY HELLA ANDERSEN
In an effort to make big money in illiquid positions, Norwegian hedge fund founder and CEO Ole Andreas Halvorsen is now pleading with long-term investors to stay put for longer, or withdraw their assets.
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