Kinetic Partners' recent press release, reproduced below, discusses another option - bringing on replacement fund managers:
“Generally speaking, our mandate is clear – review and assess the situation and return value back to stakeholders in a prudent and efficient manner. We are not looking to raise new monies or make new investments, so in that way not a typical asset manager and therefore bring a different perspective/incentive to the table. We also attempt to interact as much as possible with investors to gauge their expectations and timing requirements with respect to recoveries. Getting a better understanding of the overall value involved and the time needed to monetize that value is of real significance to investors, particularly those parties that are themselves investing other people’s money in a fiduciary capacity.”
I welcome related inquiries.
Kinetic Observes Investors Becoming Eager to Find Ways of Recouping Value from “Locked Up” or “Zombie” Funds
2011 winner of Hedgeweek's "Best regulatory advisory firm" in the US
2010 winner of Funds Europe's "European advisory firm of the year"
2009 and 2010 winner of HFM Week's "Best regulatory advisory firm" in Europe and US
2008 winner of Fund Domiciles "Best consulting firm" in Ireland and Cayman