London-based hedge fund group VCM Fund Management has announced the removal of all redemption and transfer fees for all funds on its hedge fund platform.

London-based hedge fund group VCM Fund Management has announced the removal of all redemption and transfer fees for all funds on its hedge fund platform.

It says that with the hedge fund industry suffering its worst year in 2008 and investors increasingly demanding better fund liquidity, transparency and terms, it has decided to remove all redemption and transfer fees, effective immediately, across all six of its hedge funds.

'We believe that listening to investors' needs is paramount to the success of our business and we therefore consider liquidity, transparency and investor communication of the utmost importance' says capital partner, Simon Clowes (pictured).

VCM FM currently manages six single manager strategies of which five had positive performances in 2008. The strategies are: VCM Systematic Macro; VCM K2 Discretionary Macro; VCM Equity Market Neutral; VCM K2 Alternative Energy; VCM US Long/Short; and VCM Global Equity (closed).