Posted AT 1:36 PM EST on 11/11/08
Lawrence hedge fund suspends redemptions
Lawrence Asset Management Inc. has temporarily halted redemption orders in its flagship hedge fund after it plunged 65 per cent for the first 10 months of this year.
The firm “believes it is in the best interests of all shareholders to suspend redemptions for 60 days” on the Lawrence Partners Fund, its president Ravi Sood told investors in a letter on Monday.
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