Meditor Capital to Shut European Hedge Fund After Review
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Meditor Capital Management Ltd., the $3 billion hedge fund-firm run by Talal Shakerchi, is shutting its European equity fund, citing an internal review and new rules restricting short-selling.
The firm, based in London, said it can liquidate most of the fund within a “few weeks,” according to a note sent to investors today. Shakerchi said he plans to spend more time on philanthropy.