Sandelman restructures hedge fund: report

``Sandelman Partners has told investors in its largest fund that they cannot withdraw their money in the near future, The Wall Street Journal reported Thursday. The report said 20% of the investors in the $3.2 billion Sandelman Partners Multi-Strategy Fund Ltd. had recently asked to withdraw their money; they were informed last week that 22% of the fund will be placed in a side account controlled by the firm.''