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Institutional investors believe lockups are a valuable tool for preventing mass redemptions but do not think investors should be held to them when hedge fund managers drift too far from their stated strategies, according to the responses to our latest InvestorForum survey.

Institutional investors believe lockups are a valuable tool for preventing mass redemptions but do not think investors should be held to them when hedge fund managers drift too far from their stated strategies, according to the responses to our latest InvestorForum survey. More than 63 percent of respondents say they

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