Investors To Vote On Liquidation Of Man FoF

Oct 7 2008 | 10:11am ET

The Man Group and Close Brothers plan to liquidate a joint closed-end fund of hedge funds after it posted staggering losses.

Investors in the Close Man fund will vote on whether to wind up the fund, which has lost more than 94% of the £70 million it raised in 2004. Until that vote, redemptions and valuations have been suspended, Financial News reports.

The structured product invests some of its assets in the Man MS Sterling hedge fund.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR