Jabre Will Close His Flagship At US$2.5 Billion

Jan 26 2010 | 12:08pm ET

Jabre Capital, the hedge fund founded by former GLG Partners star trader Philippe Jabre, will hard close its Multi Strategy fund for two years. Jabre said the move was necessary to "remain nimble" in a fund that returned more than 85% last year.

Jabcap Multi Strategy, which lost 36% in 2008, currently manages US$2 billion.


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