James Caird Asset Management LLP, the London-based hedge fund run by Tim Leslie, told clients that it is liquidating its main hedge fund.
“I have been frustrated by our performance during the current year,” Leslie said today in a letter to investors, a copy of which was obtained by Bloomberg News. He said he plans to return money to clients in the JCAM Global Fund “as quickly as is practical.”
Leslie, a former Moore Capital Management LLC credit trader, started James Caird in 2008.
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