BHUE : BlackRock Hedge Selector shrinks ahead of review result
BlackRock Hedge Selector has announced that its December redemption facility was oversubscribed – shareholders with 6.54m shares tried to exit – more than the 5.2m share exit that was available under the facility. The fund will therefore shrink by 20%.
In the meantime, we are still waiting for the result of the board’s review of the future of the fund.