๐๐ญ๐ญ๐๐ง๐ญ๐ข๐จ๐ง ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ: ๐๐๐ฑ๐ญ ๐๐๐ ๐ ๐๐ข๐ง๐๐ฌ ๐๐จ๐ฐ๐ง ๐ ๐ฅ๐๐ ๐ฌ๐ก๐ข๐ฉ ๐๐ซ๐๐๐ข๐ญ ๐ ๐ฎ๐ง๐ 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. ๐๐๐ซ๐'๐ฌ ๐ญ๐ก๐ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง: โข Redemption Rush: A significant number of investors requested their money back, prompting Next Edge to gate the fund, restricting access. โข 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. โข 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. โข 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. ๐๐ญ๐๐ฒ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐: This situation highlights the importance of due diligence and understanding investment risks. Be sure to research any fund thoroughly before investing. #financialplanning #investing #riskmanagement