Lawrence Asset Management
Lawrence Asset Management LP | Notes
The following piece on Lawrence Asset Management, LP is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.
Resource #1: (11.12.08) Toronto-based Lawrence Asset Management has suspended redemptions from its flagship hedge fund, which has lost almost two-thirds of its value this year.
The C$217 million firm has barred withdrawals from the Lawrence Partners Fund for 60 days, the Globe and Mail reports. The fund is down 65% this year, after falling by 48% in September.
Lawrence President Ravi Sood wrote that “it is in the best interests of all shareholders to suspend redemptions for 60 days.” Source
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Link to This Resource: Lawrence Asset Management LP | Hedge Fund Tracker Noteshttp://richard-wilson.blogspot.com/2008/11/lawrence-asset-management-lp-hedge-fund.html