Pensions & Investments – One of the hedge fund industry’s veteran managers, Farallon Capital Management LLC, received a rash of redemption requests from institutional investors for its flagship multistrategy approach this fall even as it raised $750 million for a new Asia-focused special situations fund.
At least $223 million is poised to flow out of the multistrategy funds after the most recent redemption period, which ended in November, because institutional investors are nervous about staff turnover and the yearlong lockup period.
