TCI has a three-year lockup, which is long for a hedge fund. In a mutual fund,...
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TCI has a three-year lockup, which is long for a hedge fund. In a mutual fund, you can withdraw your money the very next day. In a typical hedge fund, the lockup is one year. Q Why does a long lockup make sense with activist investing? TCI has a three-year lockup, which is long for a hedge fund. In a mutual fund, you can withdraw your money the very next day. In a typical hedge fund, the lockup is one year. Q Why does a long lockup make sense with activist investing?
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A longer lockup period in activist investing like TCIs threeyear lockup provides stability a... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
Posted Date:
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