Wednesday, 27 August 2014
Last updated 1 hour ago
Jul 11 2008 | 10:16am ET
New York-based Sandelman Partners has suspended redemptions from its flagship hedge fund amid a complete restructuring of its funds.
The $4 billion firm made the move after investors representing some 20% of its $3.2 billion Multi-Strategy Fund sought to withdraw their investments, Absolute Return reports. Instead, Sandelman told investors it will be moving 22% of the fund’s assets into a side account controlled by the firm, and gave them two options for the remaining 78%.
Investors can either move their money into a new fund—which will include the assets of its smaller fund, which is up 2.6% this year—with a one-year lockup, or into a liquidation fund, which will wind down its investments and pay investors back over time.
The new fund has been dubbed Sandelman Partners Opportunity.
The Multi-Strategy fund is down about 5% this year, following a decline of less than 2% last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...