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Viking hedge fund manager demands long-term commitment amid growing illiquidity bets

Hedge funds are increasingly taking illiquid positions that may be more difficult to sell but also may provide a higher return. Stay longer, or get out, is the message from Norwegian Viking fund empire CEO to investors.

Photo: Mohamed Abd El Ghany/Reuters/Ritzau Scanpix

In an effort to make big money in illiquid positions, Norwegian hedge fund founder and CEO Ole Andreas Halvorsen is now pleading with long-term investors to stay put for longer, or withdraw their assets.

According to the Financial Times, last month, the CEO informed investors, who placed assets in the Viking Global Opportunities (VGO) fund in 2015, that bi-annual withdrawals replace the current annual option to withdraw assets.

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