Equities

Reuters exclusively reports City Financial's hedge fund Decca to shut down

Reuters exclusively reports City Financial's hedge fund Decca to shut down

Reuters exclusively reported that London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it “did not deliver the performance that you expect of us.” City Financial was hit hard earlier in 2018 when Decca, one of its main funds, lost 21 percent in February alone after a wrong-way bet on volatile markets.


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