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Opalesque Exclusive: Not all FoFs going under, sources say UBP`s AUM still flat for the year From the Opalesque team: Next year's statistics will give a clearer picture on the extend of the redemptions that hedge funds and fund of funds are coping with in 2008. While a wide range of investment vehicles - mutual funds, private equity funds and hedge funds - will be facing redemptions, the situation at some hedge fund of funds may not be so desperate as some reports or rumors want to make us believe. For example, industry sources told Opalesque that the asset base of Geneva based UBP, one of the top allocators to hedge funds globally, is in fact still flat for the year.

RAB Capital stops cash withdrawals From Timesonline.co.uk: One of Britain’s best-known hedge funds, RAB Capital, has stopped investors cashing out of a second of its flagship funds. Investors in RAB’s Energy fund - which has lost more than 50% of its value this year - have been told they will not be able to liquidate their holdings.

Those who want to quit will be handed “redemption shares” instead of cash - a promise on behalf of the fund to pay back investors as and when it can sell out of enough stocks... Full article: Source

Hedge funds slam `gates` on their edgy investors: Centaurus, Polygon, Gott......................

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