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Side Pocket When a hedge fund opens a second account for its illiquid assets, it is called a side pocket. This keeps these assets separate from the liquid assets of the hedge fund, which provide benefits for certain members of the fund. The only people who stand to make considerable gains from a side pocket are those who are original members of the hedge fund. Anyone who has joined since the fund was started will not make any money from this type of account because this separate account will not apply to the investment that they have made since the account opened. |
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