Brownstone hits $500 million, offers monthly liquidity
September 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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