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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note