Editor’s note: Prior to the launch of the Cayman-domiciled TCA Global Credit Master Fund, Trafalgar Capital Advisors managed a Luxembourg-based vehicle employing the same strategy. This fund was forced to liquidate at the end of 2008 after running into liquidity problems.
Trafalgar Capital Advisors liquidated the fund’s positions and paid out in excess of 60% of fund assets to redeeming investors during 2009.
A Luxembourg-based of board of directors has since assumed responsibility for liquidati
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