Current news for this fund:
Centaurus Alpha Fund - Event driven fund
Count of distinct funds: 1
Reports have emerged that Centaurus Capital is closing its flagship fund, Centaurus Alpha Fund. The fund liquidation comes on the heels of investors rejecting a restructuring plan that would lock up their capital in exchange for reduced fees. Finalternatives.com reports:
Despite this setback, Centaurus Capital expects to continue running its Asia hedge fund and may even launch new funds in 2009.
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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.