Current news for this fund:
GoldenTree Asset Management - credit hedge fund
Count of distinct funds: 1
GoldenTree Asset Management has informed investors that they are only allowing investors to make withdrawals from the fund in the form of securities — not cash. This "payment in kind" is not looked upon kindly by investors who are forced to choose between keeping their investment locked up in a fund or trying to sell the securities, which are often in odd lots, on their own. Per the FT:
We're keep an eye on GoldenTree to see how this game of hedge fund "hardball" plays out. If you hear anything on their continuing status, please let us know by commenting below or email us!
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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.