Greg Coffey’s Hedge Fund Moves to Lock In Client Cash for Longer

Greg Coffey’s Kirkoswald Asset Management has created a new share class that can take investors as long as five years to fully cash out, joining a cohort of peers who have made similar moves amid surging demand for their services.

Kirkoswald is accepting new investment into its flagship hedge fund via the new five-year-lock share class, according to people familiar with the matter. The fund plans to close to new money around mid-year, the people said, asking to remain anonymous as the details are private.