Red Kite Hedge fund

DJ MARKET TALK: Red Kite Buys Time From Immediate Redemptions
1346 GMT [Dow Jones]The extended period of withdrawal notice for investors in Red Kite doesn't necessarily mean the US hedge fund "is out of the woods yet, but it certainly gives its managers more breathing room as opposed to being under the gun of immediate redemptions," says Man Financial's Ed Meir. The fate of the fund will be tied to the markets going forward, he notes. "If, as it is widely believed, the fund is mostly long, then the more stability metal prices exhibit from here on in, the less inclined investors will be to head for the exits," he adds. (ADH)