Trafalgar To Shut $450M Catalyst Fund

U.K. hedge fund, Trafalgar Asset Management, will close its flagship fund.

U.K. hedge fund, Trafalgar Asset Management, will close its flagship fund, Financial Times reports. The $450 million Trafalgar Catalyst Fund is being liquidated due to material investor redemption requests. One-tenth of the fund’s portfolio is held in illiquid investment, which cannot be sold at the present time. The Catalyst fund specialized in investing in companies that were undergoing takeovers or restructurings.

Click here for the story from Financial Times.