Gottex suspends fund redemptions

Gottex Fund Management has announced that it has temporarily suspended redemptions from its commingled Gottex market neutral and directional funds. This has been caused by market illiquidity, credit tightening and adverse foreign currency movements. The firm hopes to remove the suspension of redemptions by April 2009.Gottex reacted after experiencing a surge of redemptions during the current quarter when assets under management dropped is $13.5 billion compared to $15.6 billion at Jun…