2008-12-23 — smh.com.au
"Hedge fund investment group HFA Holdings has blocked unit holders' access to more than $1 billion of deposits in three of its managed funds, just days after trumpeting the "peace of mind" that one of its other funds had provided to investors.
HFA, which at the start of the year distanced itself from its former cornerstone investor, the failed Gold Coast investment group MFS, yesterday blamed "deteriorating liquidity" for its decision to suspend withdrawals from its Diversified Investments Fund, Octane Fund and Octane Series Fund Series 2."
HFA, which at the start of the year distanced itself from its former cornerstone investor, the failed Gold Coast investment group MFS, yesterday blamed "deteriorating liquidity" for its decision to suspend withdrawals from its Diversified Investments Fund, Octane Fund and Octane Series Fund Series 2."
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