I heard about the intent to close, and don't know where TONE is among his funds. But he claimed the liquidation will be done in an "orderly" manner. I really don't know how a manager can unwind funds in an orderly manner when there is a buyer's strike. This has been a horrific year and expect that, like every other hedge manager, redemption requests are flooding in and he will do a big dump when we least expect it. I hope I'm wrong, but I have learned never to trust anything anyone says ever again.
If he throws 600,000 shares on the market this will tank, no buying interest. I tried to look through some SEC filings and couldn't figure out which of his funds hold TONE. Maybe someone else on the board knows more.