Lending Club has closed five of its investment funds under LC Advisors; the loans have been sold off to various buyers and the company has rebranded its investment management business to LendingClub Asset Management. Source
Several investment funds are reporting lower returns for 2016 including Lending Club's LC Advisors and Colchis Capital Management; both reported their lowest returns since launching in 2011; Lending Club's LC Advisors returned 1.83% in 2016, down from 5.76% in 2015 and 8.02% in 2014 reports the Wall Street Journal; Colchis's P2P Income Funds returned 6.2% in 2016; in the previous four years Colchis returned 9% to investors; higher defaults across higher risk loans have affected the performance; other publicly traded funds invested in marketplace lending have also struggled. Source
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