AlphaMetrix To Begin An “Orderly Liquidation” Of Funds
AlphaMetrix Group LLC announced that it will begin an "orderly liquidation" of its sponsored funds, citing “recent redemption requests.” The company has been in trouble since at least earlier this month when it came out that it had been unable to reinvest approximately $600,000 in rebate fees because of cash-flow problems, reports Tom Polansek for Reuters.
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