Current news for this fund:
Epic Limited Partnership - Canadian mid-cap
Count of distinct funds: 1
This Canadian hedge fund run by Epic Capital Management is the main fund at that outfit. As they were hit by redemptions, they made a decision to shut down, as the fund would mostly be left with undesireable and illiquid "silt" after selling off the "cream" to meet the redemptions. Additional details follow:
These points suggest to us there will be more of this.
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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.