BNY Mellon just liquidated this $X fund after 6 years - here's why
Key Points
- The BNY Mellon Alcentra Global Multi-Strategy Credit Fund wi...
The BNY Mellon Alcentra Global Multi-Strategy Credit Fund (XALCX) is calling it quits after just six years in business. That's roughly the same lifespan as a typical smartphone, except this fund managed other people's money instead of just storing cat photos.
The fund will shut down on August 29, 2025, with final distributions hitting investor accounts in early September. For a fund that launched with multi-strategy ambitions, it's ending with a pretty singular strategy: giving everyone their money back and heading for the exit.
When Credit Gets No Credit
The timing isn't exactly coincid...
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