Exact(11)
The decision to close the fund doesn't breach it.
It took only eight weeks to close the fund, amid strong investor demand.
Mr. Sze apparently plans to close the fund to new investors when it hits $2 billion.
Now that money is coming back in, will Fidelity decide to close the fund again for lack of attractive investment outlets?
"There is no way we are going to close the fund unless we have to," said Benno Thieme of Thieme Securities, an affiliate of the fund manager.
He said the decision to close the fund was reached after it breached a threshold that would have allowed investors to redeem their money irrespective of the fund's lock-up provisions.
Similar(49)
The House and Senate should immediately extend unemployment benefits and aid to states and close the fund-managers' tax loophole — completely.
REUTERS EQT Partners Raises Fresh $5 Billion Fund | The Swedish private equity firm EQT managed to close the fund-raising round within six months, in part due to a discount it offered early investors, The Financial Times reports.
We have to close the funding gap and get the gel to women".
The spending review on 25 November is unlikely to close the funding gap for social care.
He concluded that "I think we should close the funds now".
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