Severn River limiting redemptions

Fri Oct 28, 2005

Scott Roth's Severn River has partially activated its redemption gate in an apparent effort to balance the interests of its existing and departing investors as it transforms itself from a multistrategy fund to a tightly-focused event-driven fund.

The Greenwich, Conn. fund's terms call for a 10% quarterly redemption limit, meaning that Severn, which held $560 million in August, could...

ISSN: 2151-1845 / CDC10004H

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