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 one-year soft...
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.