{"id":9482,"date":"2008-12-23T00:00:00","date_gmt":"2008-12-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"aussie-hedge-fund-manage-hfa-holdings-freezes-payouts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/aussie-hedge-fund-manage-hfa-holdings-freezes-payouts.html","title":{"rendered":"Aussie hedge fund manage HFA Holdings freezes payouts"},"content":{"rendered":"<p>The Australian &#8211; HFA, which has $5.8 billion in assets, joins a long line of fund managers &#8212; including Perpetual, Babcock &amp; Brown and Macquarie Group &#8212; in suspending redemptions from some funds this year as the credit crisis takes its toll on the value of fund assets. <\/p>\n<p>Standard &amp; Poor&#8217;s has placed 80 to 90 per cent of all the mortgage funds, property funds and fund of hedge funds it rates &quot;on hold&quot; this year due to changes in the redemption process. <\/p>\n<p>HFA shares plummeted 55 per cent to 4.3c in local trade yesterday, taking the year&#8217;s decline to 98 per cent, after the company said it had stopped allowing withdrawals from the HFA Diversified Investments Fund, the HFA Octane Fund and the HFA Octane Fund Series 2 because of &quot;deteriorating liquidity in underlying investments&quot;. <\/p>\n<p><a href=\"http:\/\/www.theaustralian.news.com.au\/business\/story\/0,28124,24838529-36418,00.html\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian &#8211; HFA, which has $5.8 billion in assets, joins a long line of fund managers &#8212; including Perpetual, Babcock &amp; Brown and Macquarie Group &#8212; in suspending redemptions from some funds this year as the credit crisis takes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4],"tags":[2410,4490,4482,4483,4481,4480,4485,227,4488,866,4484,1648,4487,123,1661,4486,4489],"class_list":["post-9482","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-syndicated","tag-amp","tag-assumption","tag-barack-obama","tag-blackstone-group","tag-blackstone-group-lp","tag-boies-schiller","tag-capital-gains-tax","tag-carlyle-group","tag-flexner","tag-levies","tag-offshore-entities","tag-partnerships","tag-president-elect","tag-profits","tag-regulatory-change","tag-tax-lawyers","tag-tax-penalties"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9482"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9482\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}