Nevsky Set to Unwind Top Fund
Tuesday, March 9, 2010 15:50Posted in category Business Tools
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The $7bn London hedge fund manager—Nevsky Capital, is poised to wind down its flagship fund.
Sources close to the fund indicated that the $3.3bn Nevsky fund, which made a name for itself through hugely successful investments in Russia, would very likely to be liquidated after the departure of Martin Taylor and Nick Barnes.
According to significant investors in the fund, it is said that the funds’ board is meeting to discuss options, but it is unlikely that a new asset managmeent team will be appointed. A lot of investors were at a loss to explain the decision to wind the fund down.
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