Magnum Shuts Four Funds

Jul 3 2012 | 10:15am ET

Magnum U.S. Investments has shuttered four hedge funds, returning capital to investors.

The firm's Jericho Tax Lien Offshore Investments and Jericho 2010 Tax Lien Fund are self-liquidating, Opalesque reports. The funds are also no longer reporting prices to hedge fund databases.

Magnum provided the funds' consulting, back-office and marketing services, while advisory services were provided by Autumn Capital Partners.

In addition, Magnum told Opalesque that it had suspended net asset value calculations for the Jericho All-Weather Opportunity and MG Secured Debt Funds.

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