- Middle Office Operations Analyst
- Assistant Corporate Controller
- Tax Manager - Generalist
- Senior Accountant
- Manager
Recent Jobs
Real Estate Hedge Fund Restricts Redemptions
January 16, 2008
Mercury Real Estate Advisors has restricted withdrawals from two of its hedge funds stricken by the credit crisis.
The firm told investors that it would withhold between 50% and 60% of the net asset value of shares redeemed, Hedge Fund Alert reports.
In a letter dated Dec. 18, Mercury said it was either unable or unwilling to sell fixed-income holdings in its Real Estate Securities and Real Estate Securities Offshore funds. The former declined by 8.7% last year through November, and the latter dropped 9.5%.
The onshore version of the fund manages $105 million, and the offshore version $205 million. Overall, the firm manages $900 million in hedge funds.
Print This
Send This
ReprintsMore News
- Lehman Estate Strikes Deal To Spin Off Private Equity Business
- Paulson, Brevan Howard, Touradji Among ‘08’s Winners
- Hedgie Seeks Scalp Of Madoff-Scarred School’s Board
- Henderson Preps Quantitative Currency Fund
- Dow Jones Suspends Convertible Arbitrage Index
- Moody Preps Master-Feeder Fund
- Pequot’s Wien Offers Positive Predictions For ‘09
- Swiss Firm Launches Managed Futures Fund Of Funds
- Hedge Funds Lose Almost 20% In Annus Horribilis
- Philly Man Confesses To $50M Futures Ponzi Scheme
- FBI Catches Up To Alleged Bay Area Hedge Fraudster
- Olympia Capital Names New Sales Head
- SEC Reopens Pequot Insider Trading Probe
- Madoff Feeder Funds Consider Lawsuit Against Accused Ponzi Schemer
- Tiden Unveils Credit Arbitrage Hedge Fund
Upcoming Events
This Week's Most Viewed
Guest Contributor
Quality Is Key For Hedge Fund Operations
By Marshall Saffer -- The past year has been a difficult one for hedge funds. Market conditions, regulatory emergency orders and volatility all affected the ability of funds to develop and maintain strategies that made for consistent performance. More...
- A Run On Hedge Funds: Redemption Strategies And Responses
- Offshore Research Gains Momentum With Hedge Funds
- Heeding The Lessons of The Madoff Scandal
More guest contributors
Cleantech Corner
Federal Gas Tax Would Lead To Myriad Benefits
By Pamela Schwab and Christina Erickson -- Two weeks out from the inauguration of President-elect Barack Obama, the buzz is building on what tools will shape the Obama administration’s economic stimulus plan. More...
- London Shop Preps Carbon Hedge Fund
- Investments For An Obama Administration
- Energy Efficiency Is The True Alternative Energy
More Cleantech
In Depth
Roundtable Sheds Light On ‘Secretive’ Industry
Not many people can get away with interrupting legendary investor Carl Icahn in the middle of a speech, but the corporate raider’s fierce reputation did not dissuade Stanley Goldstein. More...
- McNally: Recession Is Best Time To Invest
- Quant Hedge Funds Rise In Falling Markets
- Half of Hedge Funds Will Not Survive
More features