GO Capital, a Dutch investment company, has moved to bar investors from withdrawing money from its Global Opportunities Fund hedge fund until March next year, citing tough market conditions as a reason for the step, according to a report by the International Herald Tribune.

This is the latest in a series of funds to make similar moves, including funds run by Citigroup, the US bank, which froze redemptions for its $500 million CSO Partners fund in February amid large-scale pullouts by investors.

GO Capital's Global Opportunities hedge fund is a long/short equity fund with investments focused on Western European stocks. According to the fund's most recent financial updates, it lost 9.5 per cent in January and recovered with a 2.5 per cent gain in February, leaving it with €601 million ($924 million) under management.