Aussie Hedge Fund Firm Halts Redemptions

Dec 23 2008 | 9:52am ET

Sydney, Australia-based HFA Holdings said it has suspended redemptions on three funds of hedge funds with immediate effect, citing “deteriorating liquidity in underlying investments.”

The firm said in a statement it had frozen redemptions from the HFA Diversified Investments Fund, the HFA Octane Fund, and the HFA Octane Fund Series 2.

Through its subsidiaries, HFA Asset Management and U.S.-based Lighthouse Investment Partners, the firm has in excess of US$6 billion in total assets.


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