TCA Fund Management Closes Main Fund Over SEC Accounting Probe
Posted on 01/22/2020
The U.S. Securities and Exchange Commission (SEC) earlier initiated a probe due to the accounting of the TCA Global Credit Master Fund, a fund managed by Florida-based TCA Fund Management Group Corporation. The fund manager is closing its main credit hedge fund after the SEC probed its accounting. According to a customer letter by TCA, it will take up to 18 months to liquidate all positions.
Bob Press founded TCA Fund Management Group in 2010 and before was a Portfolio Manager for Montgomery Equity Partners L.P.
