MW TOPS Offers Investors Cash Exit

Oct 13 2008 | 1:31pm ET

Marhall Wace said last week it is offering investors in the MW TOPS fund a chance to cash out, calling its current share buyback program no longer an efficient means of creating liquidity, particularly in current market conditions.

“Since the launch of the company, MW TOPS Limited has worked actively to ensure optimum liquidity in the shares and to minimize the NAV tracking error,” said Andrew Large, chairman. “Current market conditions are extremely challenging in this respect. The board and the manager are in complete agreement that the interests of shareholders can best be served by proceeding with a cash exit exercise of this nature.”

MW TOPS was the first single manager hedge fund to list when in floated on Euronext in Amsterdam in December 2006. The TOPS master fund manages some US$7 billion in assets and the MW TOPS listed fund currently has assets of some US$1.4 billion.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.