Henderson To Junk Gates

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…