Drake to liquidate two additional funds

Fri Jun 6, 2008



Drake Management of New York has decided to shutter two more hedge funds that suffered significant losses over the past year.

In an announcement filed Tuesday with the Irish Stock Exchange, Drake said it would close down Drake Absolute Return Fund, a multistrategy fixed-income portfolio, and Drake Low Volatility Fund, a multistrategy fixed-income fund focused on securities of shorter duration.

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI