Friday, June 19, 2009

TFS Market Neutral Fund Closes to New Investors

The TFS Market Neutral Fund which I've often blogged about and am invested in, is closing to new investors. The fund's assets stand at around $US600 million. It's not a complete closure. Financial advisers and 401k, 403b plans etc. who have clients already in the fund will be allowed to open accounts for new clients. And, of course, existing investors will be allowed to add to their accounts. So the aim is to slow down the influx of capital. The fund has doubled in size in the last year I believe.

You have till 30th June to invest in the fund if you are not already invested.

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