Balyasny creates new share-class, loosens terms
By Lawrence Delevingne
Wed Jun 30, 2010
The hedge fund responds to investor requests on liquidity, costs
Balyasny Asset Management is softening its traditionally high
fees and restrictive terms.
As of May 2010, the firm's flagship multistrategy fund, Atlas
Global Investments, is lowering fees, lifting gates and
providing investors with a third share class in response to
concerns about liquidity and cost.
Previously, the most liquid -- and expensive -- share class
allowed quarterly redemptions upon 65 days' notice. That share
class now allows monthly redemptions upon 45 days' notice. A
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.