Not necessarily. Many VCs, hedge funds, etc., have restrictions on redemptions (amounts, timing, etc.). I think the frustration here with the management fees i

Not necessarily. Many VCs, hedge funds, etc., have restrictions on redemptions (amounts, timing, etc.). I think the frustration here with the management fees is that it's out of alignment with the staff size (lots of departures) and operational expenses (recently moved to tax-free Texas, just minimizing costs even further).