Current news for this fund:
Gabriel Capital LP - equities, other funds
Count of distinct funds: 1
Gabriel Capital LP, a fund run by Ezra Merkin, Chairman of GMAC LLC, will be liquidating in the wake of incurring losses due to the Bernie Madoff ponzi fund implosion. 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.
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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.