UK hedge fund GAM tightens redemption controls

Reuters – British fund manager GAM on Wednesday said it had moved to restrict investor redemptions to once a quarter rather than once a month in its funds of hedge funds amid turmoil in the industry.

A spokeswoman for GAM, which is owned by Swiss bank Julius Baer, confirmed the move after an earlier report in the Financial Times.

GAM which runs long-only and hedge funds has seen assets under management decline by about a third this year.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.