FRT's Future Claims Recovery Program 

A Primer on Future Claims Recovery

Fund closures are a commonplace, yet it is an infrequently examined subject. Funds shut down for a variety of reasons; liquidation can be related to fixed-term funds with designated termination dates, redemptions by large investors, underperformance, or departures of key personnel.

Aside from the reasoning of the fund closure, the manager and the fund’s directors are left with several important tasks to fulfill. Not all fund closures are alike, therefore understanding the various elements of a fund wind-down have become a topic of importance to managers and investors.

What you will learn:

  • Challenges associated with closing a fund

  • There are four primary stages of the future claims recovery process

  • Importance of a future claims recovery program