Fund of Hedge Funds News London: Gottex Fund Management Holdings has decided to unwind its ABL Fund of Funds (GVA ABL Portfolio Limited). The fund’s performance went negative due to the prolonging credit crisis as well as exposure to U.S. broker Petters Company, Inc. Gottex learned late last week of allegations of fraud at Petters Company, Inc,. In view of the very recent nature of the allegations against Petters, the lack of reliable information relating to the alleged fraud and the potential impact of the Pet......................
Source:
Gottex closes ABL FoHFs due to exposure to Petters....
Recent Hedge Fund News:
- SEC Emergency ban on shorting financials...
- SEB sees surge of hedge fund business
Posts
No comments:
Post a Comment