GO Capital Asset Management announced its decision to freeze investor redemptions from its hedge fund, which invests in long/short global equities according to published reports. The fund has so far this year lost about 7.7% of its total assets. The decision by the fund’s managers took immediate effect; investors in the fund were informed that the management would not honor redemptions until Dec 1.

 GO Capital stated that such decision was made in the best interest of the fund’s investors, blaming the current illiquid market conditions as a factor in such decision. In a letter to the funds’ investors, GO Capital said, “The Fund Manager believes a temporary suspension of redemptions is the best defensive measure to protect the interests of the participants, in view of the current illiquid nature of some of the Fund’s investments”