LONDON (Thomson Financial) - Troubled hedge fund Absolute Capital Management Holdings Ltd. (ACMH) said it has no information as to the actual levels of redemptions certain of its funds may incur at the end of their applicable lock-in period in November.
It added it has received a number of informal indications from large investors that they are amenable to remaining invested in ACMH products.
On Tuesday, the company reported it swung to a full-year pretax loss and said its performance was impacted by the sudden departure of its chief investment officer Florian Homm in September 2007.
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