{"id":1767,"date":"2015-12-30T21:08:04","date_gmt":"2015-12-30T21:08:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/12\/as_redemption_requests_go_up_w"},"modified":"2022-03-22T14:29:18","modified_gmt":"2022-03-22T19:29:18","slug":"as-redemption-requests-go-up-w","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/as-redemption-requests-go-up-w\/","title":{"rendered":"As Redemption Requests Go Up, Whitebox Advisors to Liquidate Three Mutual Funds"},"content":{"rendered":"

\t\t\t\tWhitebox Advisors says it intends to liquidate its mutual funds next month following a slew of redemptions and losses this year. A spokesperson for the investment firm said that with so many people asking for their money back, the concentration risks to investors had become too high.
\nThe three mutual funds that are closing are: <\/p>\n

\u00b7 Whitebox Tactical Opportunities Fund, which oversees $112.8M
\n\u00b7 Whitebox Market Neutral Equity Fund, which oversees $40.25M
\n\u00b7 Whitebox Tactical Advantage Fund, which oversees 20.3M
\nThe news comes just weeks after Third Avenue Management shook up the equity and credit markets when it announced that it was liquidating its Focused Credit Fund (TFCVX), which is a $788.5M corporate debt mutual fund, but that distributions to investors would be delayed so as to prevent even bigger losses. Stone Lion Capital Partners has also suspended redemptions in its $400M of credit hedge funds following many redemption requests.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Whitebox Advisors says it intends to liquidate its mutual funds next month following a slew of redemptions and losses this year. A spokesperson for the investment firm said that with so many people asking for their money back, the concentration risks to investors had become too high. The three mutual funds that are closing are: […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3799],"tags":[3577],"class_list":["post-1767","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","tag-white-box-advisors"],"yoast_head":"\nAs Redemption Requests Go Up, Whitebox Advisors to Liquidate Three Mutual Funds — Investor Lawyers Blog — December 30, 2015<\/title>\n<meta name=\"description\" content=\"Whitebox Advisors says it intends to liquidate its mutual funds next month following a slew of redemptions and losses this year. A spokesperson for the — December 30, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/as-redemption-requests-go-up-w\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"As Redemption Requests Go Up, Whitebox Advisors to Liquidate Three Mutual Funds — Investor Lawyers Blog — December 30, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Whitebox Advisors says it intends to liquidate its mutual funds next month following a slew of redemptions and losses this year. 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