Insparo Ditches Two-Year Lockup

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of