Greg Coffey’s Hedge Fund Redeemed Russian Clients Before Invasion
- Kirkoswald holds no Russian or Ukrainian investments
- The hedge fund rose about 9% this year through February
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Greg Coffey’s Kirkoswald Asset Management kicked Russian investors out of the firm days before Vladimir Putin’s invasion of Ukraine.
Coffey told investors in a note on Feb. 24, the day of the invasion, that the firm had redeemed a small number of Russian clients. The move was taken “as a precaution to reduce the potential impact to the fund, and its investors,” ahead of possible sanctions, according to the note.