Friday, 29 May 2015
Last updated 15 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…