Monday, 3 August 2015
Last updated 2 days 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…