Saturday, 28 February 2015
Last updated 1 day ago
Nov 29 2010 | 12:29pm ET
Financial Risk Management is throwing in the towel on its listed Credit Alpha fund.
The firm said last week that investors voted against continuation of the fund at its annual meeting and that it " will be consulting with shareholders regarding options for winding up, reorganizing or restructuring" the three-and-a-half-year-old fund.
FRM Credit Alpha is the second listed FRM fund to bite the dust in as many years. Last summer, the firm asked investors to vote to wind-up its US$70 million Diversified Alpha fund.
Both funds were listed on the London Stock Exchange.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…