The Tilson Mutual Funds is saying goodbye to one of its own. That’s because the firm is liquidating the Tilson Focus Fund, which bets on undervalued companies.

The fund, which launched on March 2005, managed just over $6 million as of May 20, according to Bloomberg. Glenn Tongue managed the fund and also serves as a general partner of the fund’s advisor, New York-based T2 Partners Management.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.