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February 13, 2019  

Canada Manager Throws In the Towel

A firm that invested in the stocks of U.S. small-cap companies is shutting down.Adaptable Capital of Vancouver, Canada, hoped to raise as much as $150 million. But it was running only $32 million on Oct. 31 — up a mere $1 million from its launch on March 1, 2017.The firm’s Adaptable Long/Short Equity Fund was posting a year-to-date loss of 0.5% on Oct. 31, continuing a history of essentially flat performance. The decision to unwind...

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