Investors approve Sandelman’s restructuring plan

Tue Jun 17, 2008

Investors in Sandelman Partners’ multistrategy and event-driven funds approved a restructuring plan that will merge the two funds into a new vehicle to be called Sandelman Partners Opportunities, investors said. The restructuring plan is an effort by Sandelman to curtail redemptions, lock up capital for one year and sequester illiquid holdings.

Sandelman Partners declined to comment.

The multistrategy fund is down about 2% this year, despite gains of 1.4% in May and 1.5% so far in June. The fund declined 1.46% in 2007, a significant reversal of its gains of 17.8% in 2006 and 8.11% in the second half of 2005, after launching in July that year....

ISSN: 2151-1845 / CDC10004H

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