The $2 trillion hedge fund industry is bracing for a wave of investor redemptions after recent losses.

(finance) the act of investors requesting payments owed to them by fund managers, usually after a certain lock-in or lock-up period, and within a certain notification period (usually 45-60 days).

See also: non-redeemable – “Non-redeemable GICs generally yield a higher return because your funds are locked-in and cannot be cashed before the maturity date.” (from, accessed on 16 Nov 2009).