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London Hedge Fund Returns External Capital

May 02, 2013
Jing Chen

London-based hedge fund firm Centaurus Capital has decided to go private.

Financial Times reported that Centaurus' founders, former BNP Paribas traders Bernard Oppetit and Randel Freeman, decided to return external capital in order to concentrate on managing their own money in the fund’s flagship global opportunities fund.

The decision to go return external money follows the firm's declining assets due to investors pulling "significant amounts of capital" from the firm in the past year. Centaurus now manages around $300 million in assets, down from its peak of nearly $5 billion. 

Centaurus is one of Europe's most prominent activist investors.

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