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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of