Gates, suspensions and redemptions update

Fri Dec 5, 2008




The bad news continues as the number of closed, gated or suspended funds increases weekly. This week, the beleaguered Fortress Investment Group suspended redemptions in its Drawbridge Global Macro Fund, while D. E. Shaw Group and Farallon Capital Management both enacted gates and Ramius Capital Group closed four of its funds.

Fortress

Fortress has temporarily halted redemptions for its Drawbridge Global Macro Fund, which is down about 12% this year through November. Investors have requested to redeem about 40% of the assets in Drawbridge, which...

ISSN: 2151-1845 / CDC10004H

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