Brownstone hits $500 million, offers monthly liquidity

Mon Sep 14, 2009


The firm, which had offered quarterly liquidity upon 45 days' notice, is now offering monthly liquidity, also upon 45 days' notice, with a 3% penalty


Brownstone Asset Management is enjoying a couple of milestones: The firm recently passed its five-year anniversary and today announced that it has reached $500 million in assets. The flagship Brownstone Partners Catalyst fund, which operates a long/short credit strategy, gained 4.63% through August, continuing the steady performance that earned it acclaim in 2008 --...

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