Whitebox Closes Its Mutual Funds Ahead Of January Liquidation

Whitebox Advisors LLC has shuttered its three mutual funds following poor results, and the funds will be liquidated on January 19th. Earlier this month, Lucidus Capital Partners and Third Avenue Management also announced closure of their mutual funds. Whitebox closes three mutual funds Ending its foray into mutual funds, Whitebox Advisors LLC, said it has shuttered all three of its three mutual funds after poor results. According to Amara Kaiyalethe, a spokeswoman, the three mutual funds, which collectively held over $300 million, were closed on December 17th, and will be liquidated January 19th. She said “All redemptions are being met”…