Hedge Funds

Ore Hill is latest firm to shut gate on investors

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Ore Hill Partners has raised the gate on its flagship Ore Hill International Fund, following $300 million in redemption requests from a small group of investors.

“The total amount of redemptions sought from the Ore Hill International Fund for September has triggered an automatic gate,” said Sophie Sophaon, a spokeswoman for the $3 billion New York-based credit specialist firm. She said fund directors are “considering what measure they should take in the best interest of all investors, redeeming and non-redeeming, to provide them with an equitable and attractive plan of action as soon as possible.”

Ore Hill International