Peter,

You said:

"November 15th is the last day for year end hedge fund redemptions
-the bulk of redemptions will be done by this date"

Would you please elaborate? My understanding is losses on stock sales made through late December can still be taken for tax purposes in 2008.

Also, what would prevent someone from taking their losses after the 2008 cut-off date in order to have them count on their 2009 taxes?

Looking forward to your response...

Rek