FRM Asks Investors To Vote To Wind Down Listed Fund

`` While most hedge fund managers fight tooth and nail to beat back efforts to liquidate their listed products, Financial Risk Management is already digging the grave for its Diversified Alpha fund. The Guernsey-based firm has recommended that investors in the US$70.2 million fund of hedge funds vote to wind it up later this month, Financial News report. FRM blamed poor performance and poorer timing for the decision.''