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Edex Recovery Solutions to manage $150m hedge fund liquidation mandate

Monday, September 16, 2013
Opalesque Industry Update - Edex Recovery Solutions (ERS) has won the exclusive mandate to manage the controlled liquidation of a $150M hedge fund consisting of loans as well as private and public equities. The mandate was awarded after close cooperation with the relevant regulatory authorities, fund directors and legal advisors. The liquidation process is expected to involve a portfolio restructuring which will cover a number of jurisdictions.

About Edex Recovery Solutions
ERS is a standalone SEC registered investment adviser owned jointly by Gottex Fund Management and the Eden Rock Group that was driven by both parties’ experience in winding down large portfolios of illiquid hedge fund assets. Eight mandates have been awarded to date involving combined assets of $926M (current market value approximately $648M) across a broad spectrum of strategies including real estate, life settlements, corporate loans, energy investments and legal claims.

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