Maple Leaf Capital, an $800m (£552m) London hedge fund manager, has offered to cut its fees if its investors support a restructuring, after dropping plans for long lock-ups.
Maple Leaf, set up by two former Credit Suisse traders, abandoned efforts before Christmas to persuade investors to vote for one or two-year lock-ups on its fund, Maple Leaf Macro Volatility. The fund has about a quarter of its money in hard-to-trade assets, and wants to block the same amount of withdrawals until they can be sold.
