“Investors in the worse-hit of two stricken Bear Stearns hedge funds are offering to sell their holdings for as little as 11 cents on the dollar but still finding no buyers, according to unfilled trades on Hedgebay, a secondary market for funds.”
11 cents on the dollar being offered and no takers – wow!!!
Here’s another hedge fund that has halted redemptions because the main investor (25% of the fund) and many others are trying to get out:
