Hedge Funds

GRT set to close multistrat to new investments


GRT Capital Partners will soon close its $600 million million multistrategy flagship to new investors.

The Boston-based firm expects GRT Topaz Partners will reach its present limit of $750 million by this fall, when GRT will begin taking fresh capital only from existing investors.

The firm expects to be forced to decline any new capital once it reaches $1.5 billion to $2 billion.

The fund is run by managing directors Gregory Fraser, Rudolph Kluiber and Timothy Krochuk and has garnered a 15% annualized net return since its September 2001 inception. It is up 3.63% this year through March.