Current news for this fund:
Russell Investments (Alternative Strategies Funds) - ?
Count of distinct funds: 2
FT reports that Russell (the famed index company) has shuttered two of its hedge funds for underperformance and investor withdrawals: Alternative Strategies and Alternative Strategies 2. On the withdrawals and current rules:
Investors were told recently their remaining funds would be returned in stages, with set withdrawal dates. The two funds had already limited investor withdrawals in the past few months amid heavy redemptions and a decline in the value of the funds.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.