Absolute Capital's crisis worsens on funds update
Article Abstract:
UK hedge fund firm Absolute Capital Management Holdings Ltd. has revealed that it has up to a quarter of its equity funds under management in illiquid assets, and has placed a freeze on redemptions after investors attempted to withdraw over $100 mil. The company has announced an equity fund restructuring plan, and stated that its assets under management in real estate and fixed income, totaling $1.1 bil, have not been affected.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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BlueCrest shuts down equity fund
Article Abstract:
BlueCrest Capital Management Ltd., one of Great Britain's largest hedge fund companies, has closed its $550 mil BlueCrest Equity Fund for unacceptable performance. Losses reached 8.2% for the year ending August. Credit market problems continue to affect the sector.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
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