The enhanced MNF has been wound up and final proceeds have been transferred to investors.
"Unlike many other fund-of-hedge funds whose products remain frozen, we were very pleased to be able to process all outstanding withdrawal requests in full and we thank our investors for their patience," Select chief executive Andrew Fairweather said.
The delayed withdrawals had resulted in a better return for investors, Fairweather said.
The MNF returned 12.47 per cent, while the enhanced fund returned 12.99 per cent for the period from 30 November 2008 to 31 December 2009.
==
==
