Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.
The decision comes as less liquid strategies, particularly distressed debt, grow in popularity. The $8.1bn (£5bn) manager, 60% of whose assets are from pensions, tripled the notice period redeem...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders