Select to process outstanding withdrawals for market neutral funds
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Select Asset Management has announced it will be able to process all outstanding withdrawal requests from its Market Neutral Funds (MNFs) in full.
This includes the Select Gottex MNF and the Select Gottex Enhanced MNF.
Select chief executive Andrew Fairweather said all withdrawal requests for its October 1, 2009, and January 4, 2010, processing days have been fulfilled and requests made by investors for the April 1, 2010, processing day are expected to be processed in full and on time in mid May.
The Enhanced MNF has been wound up and final proceeds have all been transferred to investors.
The MNF returned 12.47 per cent and the Enhanced MNF returned 12.99 per cent for the period from November 30, 2008, to December 31, 2009.
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