Partners Group will cap withdrawals from $16 billion U.S. fund, sources say
Partners Group will cap withdrawals from $16 billion U.S. fund, sources say ZURICH, June 4 (Reuters) - Partners Group PGHN.S will limit withdrawals from a $16 billion U.S. fund, two sources familiar with the matter have told Reuters.
The Swiss asset manager on Thursday said repurchase requests had reached 6% of assets held in the Delaware-based fund, exceeding the 5% limit it allows each quarter.
(Reporting by John Revill and Dave Graham, editing by Thomas Seythal)
Recent news on Partners Holding AG
See all newsMedia: Partners Group cuts management fees at key fund before overhaul - Bloomberg News
Media: Partners blocks hedge funds from investing in its troubled firms - Bloomberg News
Swiss stocks - Factors to watch on October 9
Brief: Partners Group Launches New Global Multi-Sector Private Credit Income Strategy
managed investment trust heads for liquidation after vote