United States:
Collins Capital Shuts Down Liquid Alternative Mutual Fund
14 March 2016
Kramer Levin Naftalis & Frankel LLP
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Liquid alternative investment firm Collins Capital closed down
the Collins Alternative Solutions Fund, a mutual fund of hedge
funds, after it suffered significant losses in 2015 that continued
into 2016. Collins launched the fund in 2012 and, despite a boom of
popularity in the liquid alternative funds space, it only attracted
$175 million of investments. The fund closed on Feb. 19 and will be
liquidated, according to a regulatory filing.
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