tag:blogger.com,1999:blog-3782644139927778760.post-36057798140050373112008-03-30T08:09:00.000-04:002008-03-30T08:09:00.000-04:00Please correct me if I'm wrong, but aren't we ordinary<BR/>schmucks limited to margin requirements of 50%, or<BR/>a 2 to 1 ratio of asset value to initial cash? Isn't one<BR/>of the great attractions of hedge funds the knowledge that they are allowed to lever way beyond those limits<BR/>the "little people" must live with? Didn't the clients<BR/>of hedge funds understand that it was exactly that leverage which was responsible for their outsized returns. And did they fail to notice that the quarterly redemption request rules rather closely <BR/>resembled the check-out notice at the ROACH MOTEL?RKnoreply@blogger.com