Some hedge funds that have been hiring this year could be slowing down -- not because they're losing investors or closing funds, but because they've got a wealth of investors banging on their doors and are talking about turning away cash, according to Bloomberg.
While many hedge-fund managers have been slow to hire because of difficulty raising money for new or existing funds, others have a different situation. Tudor Investment Corp. and Brevan Howard Asset Management are among big fund managers who've grown but now have turned money down or said they might start doing so.
Their moves reflect the divide between managers who froze client redemptions and still have that money locked up, and others whose troubles aren't about paying employees enough or closing funds. Instead, they're working to avoid having more money than they can handle investing -- a problem that would have been hard to anticipate a year ago.