Recent Jobs
Investors To Vote On Liquidation Of Man FoF
October 7, 2008
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.
Print This
Send This
ReprintsMore News
- Merkin Barred From Liquidating Madoff Feeder Funds
- Former Prudential Rep Fined For Market Timing
- C.P. Eaton Adds To Shanghai Team
- Quality Is Key For Hedge Fund Operations
- Rival Cap Launches Feeder Fund
- No ‘Value’ In Van Biema’s Multi-Strat Hedge Funds
- Citadel Funds Fell By Half Last Year
- Millennium Names Independent Administrator
- Vitol Cuts Ties With Hedge Fund Trader
- Marathon Promotes Five To Partnership
- Mass. PRIM Seeks Funds Of Hedge Funds Consultant
- Credit Suisse Nets ‘AIR’ In December
- Bermuda Reinsurer Trims Hedge Fund Portfolio After Losses
- Seismic Changes Underway For Current HF Model
- Fortress Wont Pay Dividends For Q4
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