Elm Ridge limiting redemptions through gate

Fri Jun 23, 2006

Ron Guttfleish's value-oriented Elm Ridge Capital Management has apparently already activated a gate that was set up earlier this year to control redemptions in any given quarter.

The gate provision introduced to investors last January called for a relatively tight 10% limit on total fund redemptions at any quarterly redemption date. As...

ISSN: 2151-1845 / CDC10004H

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