Opalesque Exclusive: In Australia, 8 FoHFs hurt by cash woes, put on hold by S&P, some suspend redemptions
According to Sydney-based Hatfield Liptak Advisors’ November newsletter, eight fund of hedge fund products have been hit by liquidity concerns due to a quadruple whammy of increased redemptions; decreased investor inflows; reduced or nil income from investment performances; and higher cash collateral required for currency hedging.
The funds hurt include two Select Gottex Market Neutral Funds, three Goldman...
Not a member yet? Get Instant Access *
Why register?
Since 2003, Opalesque publishes news and research for finance professionals and investors. Some of this material is not directed at the retail public, therefore registration is required.
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1