Sunday, 29 November 2015
Last updated 1 day ago
Aug 31 2012 | 12:20pm ET
Henderson Global Investors will remove the gate provisions from its hedge funds, formally ending any redemption limits.
The firm has already eliminated the gate rules on its AlphaGen Rhocas hedge fund, which it acquired when it bought Gartmore Group last year. The boards of directors of other Henderson hedge funds must meet to formally repeal their gate provisions.
Only one Henderson hedge fund, its small-cap U.K. AlphaGen Volantis, will retain gate provisions, Investment Europe reports.
The Rhocas gate was eliminated last week—possible because its investors already had side letters promising that their money would not be restrictred.
Paul Graham, global head of hedge funds at Henderson, told IE that most of its hedge funds are liquid enough to allow it to sell all holdings within three days. Henderson has never actually imposed gate restrictions on any investors.
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…