James Caird To Shutter Flagship Hedge Fund

Dec 14 2011 | 11:04am ET

James Caird Asset Management is scuttling its flagship.

The London-based firm told investors that it would liquidate its JCAM Global Fund, a victim of poor performance, Bloomberg News reports.

"I have been frustrated by our performance during the current year," James Caird founder and JCAM Global fund manager Tim Leslie wrote. He added that he plans to return money from the fund "as quickly as possible."

James Caird, launched by the former Moore Capital Management trader in 2008, continues to manage two other funds. The firm has about US$3 billion in assets under management, including those at the JCAM Global Fund.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...