Thursday, 26 November 2015
Last updated 1 day ago
Dec 29 2008 | 3:23am ET
GAM is changing its redemption policy in the wake of a brutal year for the hedge fund.
The firm, owned by Julius Baer, will now offer just quarterly redemptions for most of its fund of hedge funds, instead of monthly. GAM has lost about one-third of its assets under management this year.
GAM’s move was first reported by the Financial Times.
According to the newspaper, GAM will still allow for monthly redemptions for its most liquid vehicles, including strategies such as long-short equity, commodity futures trading and global macro.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…