| 28.11.2008 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 |
| Article source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAGJCWRkB1CM - Opalesque is not responsible for the content of external internet sites |