SNSFE Special Alert: Illinois-Based Sentinel Management Group Freezes $1.5 Billion Fund Amid Global Liquidity Crisis

he Northbrook hedge fund abruptly has foreclosed its investors' attempts to withdraw money from the fund, despite representations on its website that, "All client funds are placed in readily marketable government and corporate securities, a large portion of which are in overnight investments, allowing us to meet client withdrawal needs while maintaining the integrity of our portfolios."

Sentinel Management Group, moreover, has attempted to distinguish itself from other financial services firms, claiming that it was not a "financial behemoth" and claiming that its focus was to service short term cash needs of businesses. On its website, Sentinel states that its "primary focus is managing your short-term cash so you can concentrate on the operational aspects of your business."

SNSFE attorneys currently are investigating this matter. Should you have information regarding this fund, its investments and/or its foreclosing withdrawal requests, please contact us.

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