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PamQueue Posted 14 years ago
Grammar
Redemption
http://www.nytimes.com/2007/12/30/business/30loan.html?pagewanted=print
"In addition to running United Capital, Mr. Devaney also oversaw United Real Estate Ventures and several hedge funds with roughly $650 million under management as of early this summer. In July, he halted redemptions in the hedge funds as the market swooned for his favorite mortgage securities. "
Since "redemption" means "taking money from", shouldn't "redemptions in the hedge funds" be "redemptions from the hedge funds"?
"In addition to running United Capital, Mr. Devaney also oversaw United Real Estate Ventures and several hedge funds with roughly $650 million under management as of early this summer. In July, he halted redemptions in the hedge funds as the market swooned for his favorite mortgage securities. "
Since "redemption" means "taking money from", shouldn't "redemptions in the hedge funds" be "redemptions from the hedge funds"?
Top answer
You had best go according to what hedge fund managers use, not logic.
- You had best go according to what hedge fund managers use, not logic.
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1 Answers
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You had best go according to what hedge fund managers use, not logic.
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