Legal Opinion
Irongate Performance Fund, LLC v. Alpha Balanced Fund, Lllp
Court of Appeals of Georgia
Decided June 27, 2017No. A17A0303, A17A0539PublishedCited by 7 opinions
1Opinion of the Court
Rickman, Judge.
After Alpha Balanced Fund, LLLP (an investor) requested a full withdrawal/redemption of its balance in the hedge fund Irongate Performance Fund, LLC (“the Fund”) and waited the requisite time period for its right to its investment balance to purportedly vest, Irongate DPS, LLC (“the Fund Manager” 1 ) suspended all Fund withdrawal requests indefinitely and terminated the Fund five months later, consequently depriving Alpha of its purportedly vested Fund balance. Alpha sued the Fund and the Fund Manager (collectively “Irongate”), alleging claims for breach of contract, breach of…
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3Cited by7 opinions
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