(Bloomberg) Whitebox Advisors, the $3.85 billion investment firm whose equity head Jason Cross resigned this month, plans to liquidate its three mutual funds on Jan. 19 after losses and redemptions in 2015.The firm, founded by Chief Executive Officer Andrew Redleaf in 2000 and best known for running hedge funds, announced the move on its website Monday.
Whitebox to Liquidate Its Mutual Funds as Redemptions Rise
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