Opalesque received news from Peter Vermeulen, editor of www.inveztor.nl, of another Dutch hedge fund’s closure.
On November 17, Amsterdam based Go Capital Asset Management decided to close down the Global Opportunities hedge fund (Source). The fund had at its peak approximately €600m under management, but the AUM more than halved to less than €300m.
The fund had installed a redemption gate as of March 11, 2008. Global Opportunities got hard hit by long holdings in illiquid micro- and smallcaps and by the demise of German aircraft engine manufacturer Thielert.
The fund will pay out in cash, per early January, 60 cents on th......................
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