Kingdon alters terms, stays cautious on markets

Mark Kingdon’s $4.6 billion firm eliminated an early redemption penalty.


Kingdon Capital Management, Mark Kingdon’s $4.6 billion hedge fund firm, has amended the investment terms for both of its funds, eliminating an early redemption penalty that punished investors for taking money out after they had already been in the fund for more than a year.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.