United Capital Asset Management today clarified its decision to temporarily suspend redemptions for several of its hedge funds. Specifically, the company said that the Horizon Fund, Horizon ABS Fund L.P., Horizon ABS Fund Ltd. and Horizon ABS Master Fund Ltd. would not be liquidated and that the parent, UCAM, would continue to operate.

Over the past 10 days, UCAM has received an unusually high number of redemption requests, including one from its largest investor who accounts for approximately one-quarter of the UCM 's assets under management. The investor was not identified.

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