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๐€๐ญ๐ญ๐ž๐ง๐ญ๐ข๐จ๐ง ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ: ๐๐ž๐ฑ๐ญ ๐„๐๐ ๐ž ๐–๐ข๐ง๐๐ฌ ๐ƒ๐จ๐ฐ๐ง ๐…๐ฅ๐š๐ ๐ฌ๐ก๐ข๐ฉ ๐‚๐ซ๐ž๐๐ข๐ญ ๐…๐ฎ๐ง๐ Breaking news: Toronto-based asset manager Next Edge Capital is winding down its flagship credit fund after experiencing a surge in redemption requests. This follows the closure of their Next Edge RCM Private Yield Fund in 2020. ๐‡๐ž๐ซ๐ž'๐ฌ ๐ญ๐ก๐ž ๐›๐ซ๐ž๐š๐ค๐๐จ๐ฐ๐ง: โ€ข Redemption Rush: A significant number of investors requested their money back, prompting Next Edge to gate the fund, restricting access. โ€ข Performance Slide: The fund, launched in 2015, experienced consistent returns (7-9% annually) until 2023, when performance dipped. Losses in March 2023 further fueled investor concerns. โ€ข Limited Options: With redemptions at 20% of total assets and potential for increased losses, Next Edge believes winding down the fund is the best course of action. โ€ข Future Plans: Next Edge is considering rolling investors into a different fund but has capped current payouts at a 6% annual yield and halted further redemptions. ๐’๐ญ๐š๐ฒ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐ž๐: This situation highlights the importance of due diligence and understanding investment risks. Be sure to research any fund thoroughly before investing. #financialplanning #investing #riskmanagement

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