European Fund’s Investors Face Redemption Penalty Amid Losses - News Summed Up

European Fund’s Investors Face Redemption Penalty Amid Losses


A roughly €458 million ($505 million) European mutual fund with investments managed by London-based Selwood Asset Management LLP has imposed a levy on shareholders trying to exit from the fund, showing how reduced liquidity in credit markets continues to hurt investors. The credit-focused fund instituted the penalty on redemptions in order...


Source: Wall Street Journal April 01, 2020 18:31 UTC



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