Balyasny creates new share-class, loosens terms
June 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...
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