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Opalesque Exclusive: Friedberg Global Macro Fund returns 4.18% in September, +19.40% YTD
From the Opalesque Team: Canada-based Niagara Capital Partners announced that the Friedberg Global Macro Hedge Fund’s September 2008 performance was +4.18% and 19.40% YTD.
The fund, which manages approximately $450m in assets, has gained a total of 115% since inception in 2001. It is a global macro, multi strategy fund managed by Albert Friedberg. Corporate website:
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Friedberg Mercantile Group will accept new subscriptions for the Friedberg Global Macro Hedge Fund in October only
From marketwatch.com: Friedberg Mercantile Group Ltd. ("FMGL") announced on 25-Sept that, while it will continue its general policy of limiting new subscriptions for units of the Friedberg Global Macro Hedge Fund, it is prepared to accept only during the month of October 2008, net new investments in the Fund up to a maximum of US$10 million.
FMGL announced on August 2, 2007 that, while it was not suspending redemptions, it was suspending acceptance of subscriptions to the Fund, because of the likelihood that any substantial inflow of net new subscriptions would dilute existing investors due to the high degree of volatility in credit derivatives and the extreme difficulty to faithfully replicate the position of over-the-counter traded credit default swaps that the Fund...................... To view our full article Click here
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