Gated Hedge Fund Assets Drop To 3%

Apr 19 2011 | 11:53am ET

Just 3% of the world's hedge fund assets remain gated, a new study shows.

Tullett Prebon said the amount of money still under redemption restrictions stands at about US$60 billion. But the brokers said that will continue to decline as gated, illiquid hedge funds continue to wind down and others lift their gates as liquidity improves.

During the worst of the financial crisis, hedge funds had barred investors from removing some 35% of the industry's total assets.

The shrinking of the gated figure is "good for the industry and investors, and perhaps good for some managers who may be recipients of that money," Tullett Prebon's Neil Campbell offered.

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