Monday, 15 September 2014
Last updated 6 hours ago
Aug 25 2008 | 1:00am ET
A huge number of redemption requests has Ore Hill Partners closing the door.
Investors fleeing the fixed-income hedge fund shop, which is half-owned by Man Group, triggered an automatic gate provision at the firm’s $1.2 billion Ore Hill International Fund, it said. A spokeswoman for the firm told The Wall Street Journal that the fund’s directors are considering what steps to take in the interests of all of the fund’s investors.
The fund’s flagship was deluged by redemption requests for September, as investors seek to get out of a vehicle heavily invested in such distressed sectors as bank debt, bridge loans, high-yield bonds, structured credit and collateralized debt obligations.
Ore Hill, which was founded in 2002, manages about $3 billion.
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…
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