News
Russell hedge fund closure hits local instos
Friday 4th of April 2008
The Russell Alternative Strategies II Fund, which is listed on the Irish Stock Exchange, was forced to shut down following a run on redemptions that have seen close to 70% of shareholders seeking an exit.According to a circular to shareholders, Russell was first forced to impose a "redemption gate" on the Alternative fund on March 3 after it received requests to sell from more than 10% of the...
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