Saturday, 31 January 2015
Last updated 13 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…