Fund Liquidations: AB, Visium And Thomas Crown
By DailyAlts Staff In this edition, filings from: AB Market Neutral Strategy U.S. Fund (MUTF: AMUIX ) Visium Event Driven Fund (MUTF: VIDVX ) Thomas Crown Global Long/Short Equity Fund (MUTF: TCLSX ) AB Market Neutral Strategy U.S. Fund The Board of Directors of AB Cap Fund, Inc. voted to liquidate the AB Market Neutral Strategy U.S. Fund at a meeting held on September 24. The next day, the fund suspended most sales of its shares pending the liquidation. Existing shareholders had until November 30 to redeem their shares, according to a filing with the Securities and Exchange Commission (“SEC”). Liquidations were expected to be complete by December 2. According to Bloomberg , shares of the AB Market Neutral Strategy U.S. Fund stopped trading at $9.85 on December 1. The fund’s 52-week range was $9.41 to $10.17, with its all-time high of $10.49 dating back to June 2012. Visium Event Driven Fund In a November 19 supplementary filing with the SEC, the Board of Trustees for Visium Asset Management announced their decision to terminate the Visium Event Driven Fund ( VIDVX ). The fund stopped taking new investments as of November 19 and was fully liquidated as of November 27. The fund, which originally launched in December 2000, closed its final day of trading at $9.03, according to Bloomberg , down from a high of $11.04 set in July 2014. Thomas Crown Global Long/Short Equity Fund On November 4, Thomas Crown Capital announced the liquidation of its Thomas Crown Global Long/Short Equity Fund ( TCLSX ), which we wrote about upon its launch. The fund stopped taking on new investors the following day and planned to be fully liquidated by November 13. Shares of the fund traded for the final time at $9.03 on November 27, according to Bloomberg . It had only launched on New Year’s Eve 2014, and reached a high of $10.27 in March. From August 14 to October 30, TCLSX fell from $10.14 to $9.35 and never recovered.