CMA Global Hedge introduces redemption facility and.....

CMA Advisors, a Zurich-based fund of hedge funds business, floated its fund of hedge funds on the London Stock Exchange in the summer 2006 to create a separate investment company called CMA Global Hedge. In July 2006, CMA Global Hedge PCC said it had raised $402 million from its IPO. This was the second-biggest stock market flotation by a financial services company in the UK so far that year after Standard Life (then Goldman Sachs immediately followed suite and raised $507m for a new vehicle called Goldman Sachs Dynamic Opportunities.)

We heard a couple of months ago that CMA Global Hedge had lost almost 7% of its value in the first half of 2008, "nearly three times the 2.5% average loss across the fund of hedge funds sector" (efinancialnews.com). In September, the fund's USD share class lost 9.43% (est.), it has further lost 8.92% (est.) so far in October and is now down 23.30% (e......................

Source:
http://www.opalesque.com/AMB2008/47845CMA_Global_Hedge_introduces_redemption_facility_and.html