Tudor Investment Group is halting withdrawals from its BVI Global fund. Tudor is splitting the hedge fund into two separate funds and told investors they cannot withdraw funds until the restructuring is complete. Tudor's BVI fund is down 5% and investors have asked for redemptions equal to about 14% of the fund's assets.
Tudor Iinvestment Group's founder, Paul Tudor Jones, said he plans to move illiquid assets into a separate fund called Legacy, while leaving higher quality assets in the BVI fund.
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Showing posts with label hedge fund flows. Show all posts
Showing posts with label hedge fund flows. Show all posts
12.02.2008
Global Hedge Fund Assets Decline by $170B in Q3, 2008
Global hedge fund assets fell by $170 billion in the third quarter of 2008. There have also been reports that large hedge fund redemptions worldwide accelerated in October and November. The $170 billion decrease in hedge fund assets in the third quarter represents an almost 10% decrease worldwide and comes amid plummeting asset prices on everything from commodities to stocks and most forms of debt.
Interestingly, the hedge fund strategies with the highest redemptions were long/short equity and fixed income arbitrage. Other hard hit strategies in terms of asset outflows were emerging markets and multi-strategy funds.
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Interestingly, the hedge fund strategies with the highest redemptions were long/short equity and fixed income arbitrage. Other hard hit strategies in terms of asset outflows were emerging markets and multi-strategy funds.
Read the full article:
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