I put a significant amount for me in a hedge fund with a theme/philosophy that interested me. This company runs several funds. After 8 months I got contacted by them that they didn't raise enough capital for that specific fund to be able to pay the expenses (the admin fee was 1.8% which is high).
Consequently, I got my money back at the NAV but minus approximately 15% because of "liquidation costs" that were explained to me included paying Deloitte accountants among other things.
I am in Europe. I can't think that is standard practice? Anybody has other experience? I am thinking of taking it for a lawsuit but it's going to be so time-intensive.
Submitted April 03, 2019 at 03:41AM by aelaos1
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Stock Trading NTS 