Current news for this fund:
Ascot Partners LP - equities, other funds
Count of distinct funds: 1
Ascot Partners LP, another fund run by Ezra Merkin (see the Gabriel Partners LP implosion), Chairman of GMAC LLC, will be liquidating in the wake of incurring losses due to the Bernie Madoff ponzi fund implosion. In the case of Ascot Partners, the loss apparently is "virtually" everything. Per Bloomberg:
We are unsure at this time how substantial Gabriel Capital's losses are. If you can provide any information regarding this implosion, please comment below or email us.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.