Sunday, 29 November 2015
Last updated 1 day ago
Feb 16 2010 | 3:40am ET
Another hedge fund is bowing to investor pressure and easing its redemption policy.
Insparo Asset Management is doing away with its two-year lockup. The firm’s multi-strategy Africa and Middle East fund will now feature a staggered one-year redemption schedule.
“While many managers have remodeled their structure to deter or prevent redemptions, we have made it easier for investors to withdraw if they wish,” Mohammed Hanif, chief investment officer, said. “We’re confident that the only true deterrent to redemptions is high returns.”
Insparo said it had not received early redemption requests. The firm has about US$165 million in assets under management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…