2008-12-30 — smh.com.au
THE Westpac-controlled BT Investment Management delivered grim season's greetings to retail investors when it froze withdrawals from a $1.2 billion fund days before Christmas.
The funds manager suspended all redemptions from its Global Return Fund, which has invested in international hedge funds since 2001 and into which investors have each poured a minimum $50,000.
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