Opalesque received news from Peter Vermeulen, director A.I. at Inveztor.nl, of two separate Dutch hedge fund managers who have had to block redemptions.
Falcinvest suspends redemptions until `pricing has become more realistic`
Dutch fund management company Falcinvest, based in Veenendaal, runs several FoHFs, of which the FalcInvest Specialist Finance Fund, an ABL FoHFs launched in 2006 which returned -1.76% ($) in September. The FalcInvest Global Markets Fund returned -9.02% and the FalcInvest Opportunities Fund returned -11.81%. Redemptions on 5 Falcinvest's funds have been temporarily suspended as of September 30th and "will be permitted again once the financial markets have calmed and sufficient liquidity has returned." (website)
Prisma Plus fund moves redemption gate as of October 31
Following Falcinvest's move, Prisma Plus has had to block redemptions too. According to Peter Vermeulen, the cash position of Prisma Plus, based in Utrecht, is insufficient to fulfil sell orders from investors in the fund.
"Prisma Plus Fonds" specializes in alternative investments, specifically hedge funds and CTAs. Prisma Plus......................
Source:
http://www.opalesque.com/AMB2008/48228Dutch_funds_suspend_redemptions_Falcinvest_and_Prisma.html
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