F&C To Liquidate Event-Driven Fund Of Funds

Oct 22 2008 | 12:02pm ET

London-based F&C Investment is winding down its event-driven fund of hedge funds to repay investors. The £64.2 million (US$109.5 million) fund launched in June 2007 and has lost 27.2% since inception.

Jason Hollands, the head of communications at F&C, said the firm’s board of directors already had 75% of shares so they could not meet investors' redemption demands through a share buyback.

“In the challenging market we're in they also felt they would be unable to dilute their shareholding through new investments,” he said.

The planned move will be voted on by shareholders at their next meeting.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...