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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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London Firm Shuts FoHFs

Oct 29, 2013
Jing Chen

London-based Oakley Capital Management closed its commodities fund of hedge funds a period of bad performance.

Bloomberg Businessweek reported that Oakley shut the fund, who managed about $10 million in assets, in July. Fabio Cortes, the fund’s portfolio manager, left the firm at around the same time.

Separately, London-based hedge fund firm Clive Capital closed its doors at the end of last month following three consecutive years of losses. The firm called its directional, long volatility strategy "unsuitable," and admitted that it could not generate the returns it did in its earlier years.

Oakley manages approximately $1 billion of capital.

 

 

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