Point72 Asset Management is extending the time investors need to fully withdraw capital from its flagship multi-strategy hedge fund, adding the firm to a growing group of major managers tightening redemption terms, according to a report by Bloomberg.Investors in Point72’s multi-strategy fund will be able to redeem 8.33% of their capital each quarter under new terms taking effect at the beginning of next year, according to people familiar with the matter. That means investors could require as lon...
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