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.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...