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  • Mark December 2015
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Whitebox To Liquidate Its Mutual Funds As Redemptions Rise

TedTed
in Fund Discussions
FYI: Whitebox Advisors, the $3.85 billion investment firm whose equity head Jason Cross resigned this month, plans to liquidate its three mutual funds on Jan. 19 after losses and redemptions in 2015.

The firm, founded by Chief Executive Officer Andrew Redleaf in 2000 and best known for running hedge funds, announced the move on its website Monday.

“It was a strategic decision,” Amara Kaiyalethe, a spokeswoman for Minneapolis-based Whitebox, said in a telephone interview. “People were redeeming and the concentration risk to our investors who were remaining was just too high for our comfort.”
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-12-29/redleaf-s-whitebox-to-liquidate-its-mutual-funds-next-month

Whitebox Website:
https://www.whiteboxmutualfunds.com/

Comments

  • MarkMark
    English translation - our methods really sucked last year and we don't have a clue. Please stop yelling at us and just take what's left of your money back.
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