Ex-GLG Star Shuts Personal Hedge Fund

Feb 18 2008 | 8:00am ET

Philippe Jabre, the former star trader at GLG Partners, has shuttered his personal investment fund a year after launching his own hedge fund.

Jabre applied to close his Ballena Capital, saying it has not traded in the past three months.

He set Ballena up after leaving GLG two years ago to manage his own £160 million (US$313.8 million) fortune. He has since moved his assets to Geneva-based Jabre Capital Partners, which launched its debut fund with some US$4.2 billion last year.

The move seems to be paying off, at least this month. Jabre Capital’s multi-strategy offering is up some 12% in the first two weeks of February.

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