Friday, 9 October 2015
Last updated 12 hours 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 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…