Ore Hill has blocked its clientele from withdrawing their money, the hedge fund said, according to Hedgefund.net.

The amount of outflow for September triggered an “automatic gate” for its flagship hedge fund, Ore Hill said. New York-headquartered Ore Hill is a fixed income specialist. Its flagship hedge fund has $1.2 billion. Companywide, Ore Hill has $3 billion under management.

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