Eric Mindich’s firm loses founding partner Edward Misrahi and changes its lock up and side pocket terms.
|Eric Mindich (Photo: Bloomberg)|
The firm’s flagship fund (onshore) fell 11.15% in 2011, leaving Mindich “very disappointed." It has come back this year, gaining 5.0% net of fees through April, but that wasn’t enough to prevent changes, especially around how quickly investors can take out their money.
“We have been giving careful consideration to improving the liquidity we offer to our investors,” said