Hedge Funds

Corriente adds 2-year lock following record 2006 return


Corriente Advisors, the high-performing shop founded by Mark Hart, has imposed a two-year lockup on money from new investors following record performance in 2006 of 81.65%.

The $280 million Fort Worth-based firm will apply the lock on money from new clients starting April 1. Existing clients will be able to continue investing under the fund's previous terms, which require capital to remain with the fund until the end of the year in which an investment is made. "The lock-up provision will ensure our ability to continue growing the fund's investor base slowly and selectively, attracting only investors with