Can Bankers Grow Balls Such As These?

Hedge Fund Lets Investors Withdraw What Is Left - NYTimes.com: "For those investors, Mr. Ackman has agreed to forgo any performance fees on the other funds until he makes up for the current losses in the Target fund, according to the letter. The concessions could spur other hedge fund managers to cut their fees and increase the amount that investors can withdraw. Hedge funds typically charge customers yearly fees of 2 percent of total assets managed plus 20 percent of any profits."

Retaining talent my ass.