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Hedge Fund Up 38% Wants to Stop Investors Taking Out Their Cash

  • Quantedge to start 3 and 5-year lockup periods for new shares
  • The $1.7 billion fund rose 38% in 2017 to top all peers
Opening Of Sberbank Of Russia PJSC Stock Trading Center
Photographer: Andrey Rudakov/Bloomberg
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Quantedge Global Fund, the world’s best-performing quantitative hedge fund last year with more than $1 billion in assets, is taking the rare step of asking clients to lock in their money for several years even as such arrangements have fallen out of favor with investors.

The $1.7 billion Singapore-based fund, which advanced 38 percent last year, plans to introduce two new share classes in February and shareholders will have to switch from monthly liquidity to fixed terms of three or five years, according to a newsletter seen by Bloomberg.