Hedge Funds Continue to Halt Redemptions Ahead of Deadline

Date: Wednesday, November 12, 2008
Author: Daily FX Research

Hedge funds continue to suspend redemptions or close their funds as investors try to pull their money. The latest funds taking action to stem the tide include Tontine which has shut two hedge funds, according to reports, while Lawrence Asset Management has halted redemptions, and Becton Investment Management has suspended redemptions. German property funds remain under pressure with 13 out of the 30 open-ended funds forced to freeze redemptions. The market is still eyeing November 15th closely, and the deadline for many hedge fund clients to request redemptions.