Camargue To Close Following Redemption

Mar 1 2012 | 12:05pm ET

Hedge fund Camargue Capital Management is calling it quits after four years.

The London-based firm will return what is left of its US$90 million in assets following a key investor's decision to redeem, HFMWeek reports. The timeline for the liquidation is unclear.

The investor is believed to have filed its redemption request at the beginning of the year. Camargue lost 13.5% in 2011.

Camargue was founded by Benn Spiers, formerly co-manager of GLG Partners' European Opportunities Fund and former European trading chief at Soros Fund Management, in 2008. The fund managed an equity long/short strategy.


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